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

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of Block stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $82.87, for a total value of $497,220.00. Following the completion of the sale, the director owned 1,524,672 shares of the company’s stock, valued at approximately $126,349,568.64. The trade was a 0.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Wednesday, August 12th, Anthony Mathew 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.
• On Monday, August 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.47, for a total transaction of $470,820.00.
• On Thursday, August 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $83.07, for a total transaction of $498,420.00.
• On Wednesday, August 5th, Anthony Mathew Eisen sold 41,000 shares of Block stock. The stock was sold at an average price of $85.85, for a total transaction of $3,519,850.00.
• On Monday, August 3rd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.52, for a total transaction of $489,120.00.
• On Friday, July 31st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.27, for a total transaction of $493,620.00.
• On Wednesday, July 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.22, for a total transaction of $493,320.00.
• On Monday, July 27th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.88, for a total transaction of $473,280.00.
• On Monday, July 20th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.90, for a total transaction of $473,400.00.
• On Friday, July 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.13, for a total transaction of $474,780.00.

Block Stock Performance

XYZ stock opened at $82.73 on Friday. The business’s fifty day moving average is $77.57 and its 200-day moving average is $68.57. 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 company has a market cap of $49.24 billion, a P/E ratio of 147.73, a price-to-earnings-growth ratio of 0.94 and a beta of 2.53. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.75.

Block (NYSE:XYZ) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.54. The business had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. Equities research analysts forecast that Block, Inc. will post 2.67 EPS for the current year.

Institutional Investors Weigh In On Block

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XYZ. Baird Financial Group Inc. acquired a new stake in shares of Block in the second quarter valued at about $1,866,000. Brown Advisory Inc. bought a new stake in shares of Block during the 2nd quarter worth approximately $516,000. Jump Financial LLC acquired a new stake in shares of Block in the 2nd quarter valued at approximately $385,000. Federated Hermes Inc. acquired a new stake in shares of Block in the 2nd quarter valued at approximately $53,000. Finally, Cerity Partners LLC bought a new position in shares of Block in the second quarter valued at $1,861,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

XYZ has been the subject of several analyst reports. Argus boosted their target price on Block from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. TD Cowen increased their price target on shares of Block from $101.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Susquehanna lifted their price objective on shares of Block from $90.00 to $100.00 and gave the stock a “positive” rating in a research note on Thursday, August 6th. Keefe, Bruyette & Woods upped their target price on shares of Block from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Finally, Needham & Company LLC lifted their price target on shares of Block from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Block currently has an average rating of “Moderate Buy” and an average target price of $95.23.

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.