Block (NYSE:XYZ) Director Sells $2,873,880.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 36,000 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $79.83, for a total value of $2,873,880.00. Following the sale, the director owned 1,874,672 shares in the company, valued at approximately $149,655,065.76. This trade represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Wednesday, July 1st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.40, for a total value of $458,400.00.
• On Monday, June 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.93, for a total value of $473,580.00.
• On Friday, June 26th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.80, for a total value of $448,800.00.
• On Wednesday, June 24th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.01, for a total value of $444,060.00.
• On Monday, June 22nd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.28, for a total transaction of $445,680.00.
• On Wednesday, June 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.10, for a total transaction of $444,600.00.
• On Monday, June 15th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $72.26, for a total transaction of $433,560.00.
• On Friday, June 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $69.78, for a total transaction of $418,680.00.
• On Wednesday, June 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $66.64, for a total transaction of $399,840.00.
• On Monday, June 8th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $68.22, for a total transaction of $409,320.00.

Block Stock Down 0.1%

NYSE:XYZ opened at $78.71 on Friday. The company has a market cap of $46.85 billion, a price-to-earnings ratio of 61.50, a P/E/G ratio of 1.00 and a beta of 2.54. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The stock’s fifty day moving average price is $72.16 and its two-hundred day moving average price is $65.65. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $82.50.

Block (NYSE:XYZ) last released its earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The company had revenue of $6.06 billion during the quarter. During the same period last year, the business posted $0.56 earnings per share. The firm’s quarterly revenue 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. On average, analysts anticipate that Block, Inc. will post 2.48 EPS for the current year.

Analysts Set New Price Targets

XYZ has been the topic of a number of research reports. William Blair downgraded shares of Block to a “market perform” rating in a research report on Tuesday. Wall Street Zen raised shares of Block from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research upgraded shares of Block from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. Oppenheimer downgraded Block from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods lifted their price objective on Block from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Four analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Block has a consensus rating of “Moderate Buy” and an average target price of $87.56.

Hedge Funds Weigh In On Block

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sound Income Strategies LLC raised its stake in Block by 57.1% during the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after buying an additional 161 shares during the period. Global Assets Advisory LLC acquired a new position in Block in the first quarter valued at about $31,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Block in the fourth quarter worth about $32,000. EverSource Wealth Advisors LLC raised its position in shares of Block by 59.0% during the third quarter. EverSource Wealth Advisors LLC now owns 528 shares of the technology company’s stock worth $38,000 after purchasing an additional 196 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its position in shares of Block by 57.6% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock worth $40,000 after purchasing an additional 223 shares during the period. 70.44% of the stock is owned by 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.