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

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of Block stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $70.84, for a total transaction of $425,040.00. Following the transaction, the director owned 2,014,990 shares of the company’s stock, valued at $142,741,891.60. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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, June 8th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $68.22, for a total transaction of $409,320.00.
• On Monday, June 1st, Anthony Mathew Eisen sold 135,750 shares of Block stock. The shares were sold at an average price of $76.81, for a total transaction of $10,426,957.50.

Block Price Performance

XYZ stock opened at $69.86 on Tuesday. The firm has a 50 day moving average price of $68.38 and a 200-day moving average price of $64.18. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $82.50. The firm has a market capitalization of $41.58 billion, a price-to-earnings ratio of 54.58, a PEG ratio of 0.88 and a beta of 2.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99.

Block (NYSE:XYZ) last released its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The firm had revenue of $6.06 billion during the quarter. During the same quarter in the previous year, the business posted $0.56 earnings per share. Block’s revenue for the quarter was up 4.9% on a year-over-year basis. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Equities research analysts forecast that Block, Inc. will post 2.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Block from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Arete Research upgraded shares of Block from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Weiss Ratings upgraded shares of Block from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Rothschild & Co Redburn upgraded shares of Block from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $45.00 to $55.00 in a report on Wednesday, March 18th. Finally, Canaccord Genuity Group boosted their price objective on shares of Block from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $85.42.

Institutional Investors Weigh In On Block

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Block by 23.1% in the 3rd quarter. Vanguard Group Inc. now owns 67,626,485 shares of the technology company’s stock worth $4,887,366,000 after purchasing an additional 12,709,824 shares in the last quarter. Capital World Investors increased its stake in shares of Block by 41.8% in the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock worth $1,042,966,000 after purchasing an additional 4,727,217 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Block by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock worth $934,121,000 after purchasing an additional 67,560 shares in the last quarter. Sands Capital Management LLC increased its stake in shares of Block by 12.2% in the 3rd quarter. Sands Capital Management LLC now owns 11,603,057 shares of the technology company’s stock worth $838,553,000 after purchasing an additional 1,262,317 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Block in the 2nd quarter worth $535,305,000. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

About Block

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.