Block (NYSE:XYZ) Director Sells $445,440.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of Block stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $74.24, for a total value of $445,440.00. Following the transaction, the director directly owned 1,314,672 shares in the company, valued at approximately $97,601,249.28. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.61, for a total transaction of $453,660.00.
• On Wednesday, September 30th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.33, for a total transaction of $445,980.00.
• On Monday, September 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.20, for a total transaction of $451,200.00.
• 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 transaction of $461,400.00.
• On Wednesday, September 23rd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.67, for a total transaction of $460,020.00.
• On Monday, September 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 shares were 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 stock was 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 shares were 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 stock was sold at an average price of $78.39, for a total value of $470,340.00.

Block Stock Up 0.5%

Shares of XYZ traded up $0.35 during midday trading on Tuesday, reaching $76.58. 2,878,724 shares of the stock were exchanged, compared to its average volume of 6,243,490. The company has a market cap of $46.01 billion, a price-to-earnings ratio of 136.75, a P/E/G ratio of 0.78 and a beta of 2.55. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $86.92. The firm has a 50 day simple moving average of $79.69 and a 200-day simple moving average of $73.86.

Block (NYSE:XYZ) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The business had revenue of $6.62 billion during the quarter. During the same period in the previous year, the firm posted $0.62 EPS. The company’s quarterly revenue 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. Research analysts forecast that Block, Inc. will post 2.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XYZ. Keefe, Bruyette & Woods increased their price target on shares of Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft raised shares of Block to a “buy” rating in a research note on Tuesday, June 30th. Royal Bank Of Canada upped their price objective on shares of Block from $93.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Barclays initiated coverage on shares of Block in a research report on Tuesday, July 7th. They set an “overweight” rating and a $100.00 target price on the stock. Finally, Argus raised their target price on Block from $86.00 to $103.00 and gave the company a “buy” rating in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.45.

Hedge Funds Weigh In On Block

A number of institutional investors have recently modified their holdings of the company. Raiffeisen Bank International AG raised its stake in Block by 0.3% during the 2nd quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company’s stock valued at $3,503,000 after purchasing an additional 148 shares during the last quarter. Avior Wealth Management LLC grew its position in Block by 3.3% in the 2nd quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company’s stock worth $462,000 after purchasing an additional 193 shares during the last quarter. Carson Advisory Inc. grew its position in Block by 2.6% in the 1st quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company’s stock worth $484,000 after purchasing an additional 200 shares during the last quarter. Icon Wealth Advisors LLC increased its holdings in shares of Block by 5.9% during the 4th quarter. Icon Wealth Advisors LLC now owns 4,609 shares of the technology company’s stock worth $300,000 after purchasing an additional 255 shares during the period. Finally, World Investment Advisors increased its holdings in shares of Block by 8.1% during the 1st quarter. World Investment Advisors now owns 3,825 shares of the technology company’s stock worth $230,000 after purchasing an additional 287 shares during the period. Institutional investors own 70.44% of the company’s stock.

Block Company Profile

Block, Inc (NYSE:XYZ), formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.

Block’s Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.