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

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the firm’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $75.20, for a total value of $451,200.00. Following the transaction, the director owned 1,344,672 shares in the company, valued at approximately $101,119,334.40. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a document filed 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 Friday, September 25th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.90, for a total value of $461,400.00.
• On Wednesday, September 23rd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.67, for a total value of $460,020.00.
• On Monday, September 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.54, for a total transaction of $465,240.00.
• On Friday, September 18th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.55, for a total transaction of $459,300.00.
• On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.36, for a total transaction of $470,160.00.
• On Monday, September 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.96, for a total value of $473,760.00.
• 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 value 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 stock was sold at an average price of $77.30, for a total value of $463,800.00.

Block Price Performance

NYSE:XYZ traded down $3.10 during trading hours on Monday, hitting $73.32. The company’s stock had a trading volume of 5,520,653 shares, compared to its average volume of 6,313,205. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a fifty day simple moving average of $80.22 and a 200-day simple moving average of $73.32. The company has a market capitalization of $44.05 billion, a P/E ratio of 130.93, a PEG ratio of 0.80 and a beta of 2.52.

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

Institutional Investors Weigh In On Block

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Elevation Wealth Partners LLC lifted its stake in shares of Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after acquiring an additional 292 shares during the period. Global Assets Advisory LLC bought a new stake in Block in the first quarter valued at approximately $31,000. Osbon Capital Management LLC acquired a new stake in Block during the 4th quarter valued at approximately $43,000. Ancora Advisors LLC acquired a new stake in Block during the 2nd quarter valued at approximately $53,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Block by 33.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock worth $46,000 after purchasing an additional 179 shares during the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Needham & Company LLC upped their price objective on shares of Block from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Barclays began coverage on shares of Block in a research report on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 target price on the stock. Argus boosted their target price on shares of Block from $86.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Block to a “buy” rating in a report on Tuesday, June 30th. Finally, TD Cowen increased their price target on Block from $101.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

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.