Insider Selling: Block (NYSE:XYZ) Director Sells $470,340.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of Block stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $78.39, for a total transaction of $470,340.00. Following the transaction, the director owned 1,416,672 shares of the company’s stock, valued at $111,052,918.08. This represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 Tuesday, September 8th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.18, for a total transaction of $493,080.00.
• On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.51, for a total transaction of $495,060.00.
• On Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $77.30, for a total value of $463,800.00.
• On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.58, for a total value of $495,480.00.
• On Friday, August 28th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $85.12, for a total value of $510,720.00.
• On Wednesday, August 26th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.00, for a total value 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 shares were sold at an average price of $81.63, for a total value of $489,780.00.

Block Price Performance

Shares of NYSE:XYZ opened at $79.25 on Friday. 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’s fifty day simple moving average is $80.59 and its two-hundred day simple moving average is $72.06. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92. The stock has a market cap of $47.61 billion, a PE ratio of 141.52, a price-to-earnings-growth ratio of 0.83 and a beta of 2.52.

Block (NYSE:XYZ) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm had revenue of $6.62 billion for the quarter. During the same period in the prior year, the firm earned $0.62 earnings per share. Block’s revenue was up 9.3% compared to the same quarter last year. 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, analysts forecast that Block, Inc. will post 2.74 EPS for the current fiscal year.

Institutional Trading of Block

Several hedge funds have recently added to or reduced their stakes in the stock. Raiffeisen Bank International AG raised its stake in shares of Block by 0.3% in the second 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 during the period. EverSource Wealth Advisors LLC grew its stake in shares of Block by 33.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock worth $46,000 after acquiring an additional 179 shares during the period. 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 worth $462,000 after acquiring an additional 193 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in Block by 33.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 800 shares of the technology company’s stock worth $58,000 after acquiring an additional 200 shares during the last quarter. Finally, Carson Advisory Inc. increased its holdings in Block by 2.6% in the 1st quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company’s stock worth $484,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 70.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on XYZ shares. Weiss Ratings raised shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft raised shares of Block to a “buy” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada boosted their target price on Block from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. UBS Group upped their target price on Block from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Barclays began coverage on Block in a research report on Tuesday, July 7th. They set an “overweight” rating and a $100.00 price target for the company. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Block has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

About Block

Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.

Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.

Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.