Insider Selling: Block (NYSE:XYZ) Director Sells $465,240.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $77.54, for a total value of $465,240.00. Following the completion of the sale, the director owned 1,374,672 shares of the company’s stock, valued at approximately $106,592,066.88. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 23rd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.67, for a total value of $460,020.00.
• On Friday, September 18th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.55, for a total value of $459,300.00.
• On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.36, for a total value of $470,160.00.
• On Monday, September 14th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.96, for a total value of $473,760.00.
• On Thursday, September 10th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.39, for a total value of $470,340.00.
• 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 value of $493,080.00.
• On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.51, for a total value of $495,060.00.
• 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 value 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.

Block Trading Down 0.3%

XYZ opened at $76.52 on Friday. The firm’s 50 day moving average is $80.22 and its 200-day moving average is $73.26. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $86.92. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $45.97 billion, a P/E ratio of 136.64, a P/E/G ratio of 0.80 and a beta of 2.52.

Block (NYSE:XYZ) last announced its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.54. The business had revenue of $6.62 billion during the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. Block’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 earnings per share. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Analysts expect 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 recent analyst reports. Benchmark upgraded Block to a “strong-buy” rating in a research note on Thursday, September 10th. Rosenblatt Securities set a $100.00 price target on Block in a research note on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft raised Block to a “buy” rating in a report on Tuesday, June 30th. Weiss Ratings upgraded Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $95.00 price objective on shares of Block in a report on Friday. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. QRG Capital Management Inc. lifted its stake in Block by 13.9% during the second quarter. QRG Capital Management Inc. now owns 122,158 shares of the technology company’s stock worth $9,284,000 after purchasing an additional 14,887 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Block by 10.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,901 shares of the technology company’s stock worth $524,000 after buying an additional 676 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Block by 5.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 15,836 shares of the technology company’s stock valued at $1,204,000 after buying an additional 857 shares during the period. Engineers Gate Manager LP boosted its holdings in shares of Block by 2,575.4% in the 2nd quarter. Engineers Gate Manager LP now owns 571,414 shares of the technology company’s stock valued at $43,427,000 after buying an additional 550,056 shares during the period. Finally, Cidel Asset Management Inc. bought a new stake in shares of Block during the 2nd quarter valued at about $229,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

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.