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 firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $82.18, for a total transaction of $493,080.00. Following the sale, the director directly owned 1,428,672 shares of the company’s stock, valued at $117,408,264.96. This trade represents a 0.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 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 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 value 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 value 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 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 transaction 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 transaction 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 transaction 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 transaction of $489,780.00.

Block Stock Up 0.2%

Shares of Block stock opened at $79.25 on Friday. Block, Inc. has a twelve month low of $48.21 and a twelve month 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 company’s 50 day moving average is $80.59 and its 200 day moving average is $72.06. The company has a market cap of $47.61 billion, a price-to-earnings 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 earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates 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%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $0.62 EPS. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Research analysts anticipate that Block, Inc. will post 2.74 EPS for the current year.

Hedge Funds Weigh In On Block

A number of hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System lifted its holdings in Block by 6,740.0% in the 2nd quarter. California State Teachers Retirement System now owns 54,852,088 shares of the technology company’s stock worth $4,168,759,000 after purchasing an additional 54,050,161 shares in the last quarter. BlackRock Inc. purchased a new stake in Block during the 2nd quarter valued at approximately $621,703,000. Capital World Investors raised its position in shares of Block by 41.8% during the fourth quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock valued at $1,042,966,000 after buying an additional 4,727,217 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Block by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock valued at $934,121,000 after buying an additional 67,560 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in shares of Block in the second quarter worth $535,305,000. Institutional investors own 70.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on XYZ shares. Citigroup raised their target price on Block from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. BMO Capital Markets boosted their target price on shares of Block from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Wednesday, July 22nd. Rosenblatt Securities set a $100.00 target price on shares of Block in a report on Tuesday, June 30th. KeyCorp increased their price target on shares of Block from $105.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, Craig Hallum began coverage on shares of Block in a research report on Tuesday, June 30th. They set a “buy” rating for the company. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.