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

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $82.51, for a total value of $495,060.00. Following the transaction, the director directly owned 1,434,672 shares of the company’s stock, valued at approximately $118,374,786.72. This represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.30, for a total transaction of $463,800.00.
• On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.58, for a total transaction of $495,480.00.
• On Friday, August 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $85.12, for a total transaction of $510,720.00.
• On Wednesday, August 26th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.00, for a total transaction of $492,000.00.
• On Monday, August 24th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.48, for a total value of $488,880.00.
• On Friday, August 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.04, for a total value of $480,240.00.
• On Wednesday, August 19th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.55, for a total value of $477,300.00.
• On Monday, August 17th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.63, for a total value of $489,780.00.
• On Friday, August 14th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.87, for a total value of $497,220.00.
• On Wednesday, August 12th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.62, for a total value of $471,720.00.

Block Stock Down 0.6%

XYZ stock traded down $0.54 during trading on Friday, hitting $82.83. 2,456,441 shares of the company’s stock were exchanged, compared to its average volume of 6,528,855. The business has a 50-day moving average price of $80.25 and a two-hundred day moving average price of $70.99. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $49.76 billion, a price-to-earnings ratio of 147.91, a PEG ratio of 0.87 and a beta of 2.52. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $86.92.

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 net margin of 1.43% and a return on equity of 8.10%. The company had revenue of $6.62 billion for the quarter. During the same quarter in the prior year, the company earned $0.62 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, equities research analysts expect that Block, Inc. will post 2.72 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of XYZ. Elevation Wealth Partners LLC increased its stake in Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after purchasing an additional 292 shares during the period. Global Assets Advisory LLC purchased a new stake in Block during the 1st quarter valued at approximately $31,000. Cary Street Partners Investment Advisory LLC raised its stake 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 last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Block during the second quarter worth $43,000. Finally, Osbon Capital Management LLC purchased a new position in Block in the 4th quarter valued at $43,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on XYZ. Argus lifted their price target on shares of Block from $86.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Jefferies Financial Group initiated coverage on Block in a report on Tuesday, June 30th. They set a “hold” rating on the stock. Monness Crespi & Hardt lifted their target price on Block from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $95.00 target price on shares of Block in a report on Thursday, August 6th. Finally, BTIG Research upped their target price on Block from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

Block Company Profile

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.