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

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the business’s stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $74.44, for a total transaction of $446,640.00. Following the completion of the transaction, the director directly owned 1,212,672 shares of the company’s stock, valued at approximately $90,271,303.68. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 Monday, October 26th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.76, for a total transaction of $454,560.00.
• On Friday, October 23rd, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 stock was 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 value 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 value of $461,820.00.
• On Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.75, for a total value 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 value of $452,100.00.
• On Monday, October 5th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.24, for a total value of $445,440.00.

Block Trading Up 2.3%

Shares of XYZ stock traded up $1.75 on Thursday, reaching $76.96. 4,330,800 shares of the stock were exchanged, compared to its average volume of 6,107,126. 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 one year low of $48.21 and a one year high of $86.92. The stock has a market cap of $46.24 billion, a PE ratio of 137.44, a P/E/G ratio of 0.80 and a beta of 2.55. The stock has a 50 day moving average price of $78.15 and a 200 day moving average price of $71.02.

Block (NYSE:XYZ) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.54. The business had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%. Block’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. Equities research analysts forecast that Block, Inc. will post 2.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

XYZ has been the subject of several analyst reports. Zacks Research cut shares of Block from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Susquehanna increased their price objective on shares of Block from $90.00 to $100.00 and gave the company a “positive” rating in a report on Thursday, August 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Block in a research note on Wednesday, October 21st. Barclays initiated coverage on shares of Block in a report on Tuesday, July 7th. They set an “overweight” rating and a $100.00 target price for the company. Finally, Truist Financial dropped 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. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Block currently has a consensus rating of “Moderate Buy” and an average target price of $95.61.

Institutional Trading of Block

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Block during the 2nd quarter worth approximately $621,703,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Block by 528.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock valued at $199,153,000 after buying an additional 2,782,523 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Block by 18.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,194,419 shares of the technology company’s stock worth $234,886,000 after acquiring an additional 494,083 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Block by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company’s stock valued at $189,353,000 after acquiring an additional 39,112 shares in the last quarter. Finally, Hyperion Asset Management Ltd boosted its holdings in shares of Block by 6.9% in the 2nd quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company’s stock valued at $203,897,000 after buying an additional 172,848 shares during the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

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.