Insider Selling: Block (NYSE:XYZ) Director Sells 6,000 Shares of Stock

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $78.96, for a total value of $473,760.00. Following the transaction, the director owned 1,404,672 shares of the company’s stock, valued at $110,912,901.12. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anthony Mathew Eisen also recently made the following trade(s):

• On Thursday, September 10th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.39, for a total transaction of $470,340.00.
• On Tuesday, September 8th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.18, for a total value of $493,080.00.
• On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.51, for a total value of $495,060.00.
• On Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $77.30, for a total transaction of $463,800.00.
• On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.58, for a total transaction of $495,480.00.
• On Friday, August 28th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $85.12, for a total transaction of $510,720.00.
• On Wednesday, August 26th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.00, for a total transaction of $492,000.00.
• On Monday, August 24th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.48, for a total value of $488,880.00.
• On Friday, August 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $80.04, for a total transaction of $480,240.00.
• On Wednesday, August 19th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.55, for a total transaction of $477,300.00.

Block Stock Performance

Block stock traded down $1.13 during trading on Tuesday, reaching $78.36. The company had a trading volume of 3,541,541 shares, compared to its average volume of 6,419,226. The firm has a market capitalization of $47.08 billion, a price-to-earnings ratio of 139.93, a price-to-earnings-growth ratio of 0.83 and a beta of 2.52. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The firm’s 50-day simple moving average is $80.60 and its 200 day simple moving average is $72.41. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.92.

Block (NYSE:XYZ) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The business had revenue of $6.62 billion for the quarter. During the same period in the prior year, the firm earned $0.62 EPS. Block’s revenue for the quarter was up 9.3% compared to the same quarter last year. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Sell-side analysts forecast that Block, Inc. will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on XYZ. Canaccord Genuity Group lifted their price objective on Block from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Royal Bank Of Canada increased their target price on Block from $93.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Keefe, Bruyette & Woods raised their target price on shares of Block from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Piper Sandler boosted their price target on shares of Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, BTIG Research upped their price target on shares of Block from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $95.42.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Allstate Corp increased its position in shares of Block by 91.9% during the fourth quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock worth $2,557,000 after acquiring an additional 18,812 shares during the period. National Pension Service raised its stake in shares of Block by 8.4% during the fourth quarter. National Pension Service now owns 833,124 shares of the technology company’s stock valued at $54,228,000 after acquiring an additional 64,674 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Block by 7.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock valued at $79,749,000 after purchasing an additional 82,446 shares during the period. Jones Financial Companies Lllp bought a new position in Block in the second quarter worth approximately $366,000. Finally, Mawer Investment Management Ltd. bought a new position in Block in the fourth quarter worth approximately $3,062,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

About Block

Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.

Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.

Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.