Block (NYSE:XYZ) Stock: Insider Anthony Mathew Eisen Sells 6,000 Shares

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the firm’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $75.76, for a total transaction of $454,560.00. Following the sale, the director directly owned 1,224,672 shares in the company, valued at approximately $92,781,150.72. The trade was a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 23rd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.84, for a total transaction of $467,040.00.
• On Wednesday, October 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.07, for a total transaction of $474,420.00.
• On Monday, October 19th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.58, for a total transaction of $471,480.00.
• On Friday, October 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.43, for a total transaction of $482,580.00.
• On Wednesday, October 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.70, for a total transaction of $454,200.00.
• On Monday, October 12th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.97, for a total transaction of $461,820.00.
• On Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.75, for a total transaction of $454,500.00.
• On Wednesday, October 7th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.35, for a total transaction of $452,100.00.
• On Monday, October 5th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.24, for a total value of $445,440.00.
• On Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.61, for a total value of $453,660.00.

Block Stock Performance

XYZ stock opened at $75.14 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.92. The company has a market cap of $45.14 billion, a P/E ratio of 134.18, a price-to-earnings-growth ratio of 0.80 and a beta of 2.55. The stock’s fifty day moving average price is $78.15 and its 200-day moving average price is $71.02.

Block (NYSE:XYZ) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. The company 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 quarter last year, the company 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, equities analysts forecast that Block, Inc. will post 2.74 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on XYZ. Canaccord Genuity Group boosted their price target on Block from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Needham & Company LLC increased their price objective on shares of Block from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Clear Str raised shares of Block to a “hold” rating in a report on Thursday, July 16th. Truist Financial cut their target price on shares of Block from $93.00 to $89.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Finally, Monness Crespi & Hardt upped their target price on shares of Block from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 7th. Three 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.61.

Hedge Funds Weigh In On Block

Several institutional investors and hedge funds have recently bought and sold shares of XYZ. NovaPoint Capital LLC raised its stake in shares of Block by 3.9% in the third quarter. NovaPoint Capital LLC now owns 3,630 shares of the technology company’s stock worth $267,000 after buying an additional 137 shares during the period. Raiffeisen Bank International AG lifted its position in shares of 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 buying an additional 148 shares in the last quarter. Ashton Thomas Securities LLC lifted its position in shares of Block by 2.8% during the 3rd quarter. Ashton Thomas Securities LLC now owns 5,885 shares of the technology company’s stock valued at $433,000 after buying an additional 160 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Block by 1.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,888 shares of the technology company’s stock valued at $874,000 after acquiring an additional 175 shares during the period. Finally, Avior Wealth Management LLC grew its stake in shares of Block by 3.3% during the 2nd quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company’s stock valued at $462,000 after acquiring an additional 193 shares during the period. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

About Block

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.