Insider Selling: Block (NYSE:XYZ) Director Sells $461,400.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the company’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $76.90, for a total transaction of $461,400.00. Following the transaction, the director owned 1,350,672 shares of the company’s stock, valued at approximately $103,866,676.80. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Monday, September 28th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.20, for a total value of $451,200.00.
• 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 Monday, September 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.54, for a total value of $465,240.00.
• On Friday, September 18th, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 stock was 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 stock was 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 shares were 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 shares were sold at an average price of $77.30, for a total value of $463,800.00.

Block Price Performance

XYZ traded down $3.10 on Monday, hitting $73.32. 5,520,653 shares of the company’s stock were exchanged, compared to its average volume of 6,313,205. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $86.92. The stock has a market cap of $44.05 billion, a price-to-earnings ratio of 130.93, a P/E/G ratio of 0.80 and a beta of 2.52. The firm has a 50-day moving average price of $80.22 and a 200-day moving average price of $73.32. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last issued its earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating 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%. Block’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company 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. As a group, equities analysts anticipate that Block, Inc. will post 2.74 earnings per share for the current year.

Hedge Funds Weigh In On Block

A number of institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. boosted its holdings in Block by 13.9% in the 2nd quarter. QRG Capital Management Inc. now owns 122,158 shares of the technology company’s stock valued at $9,284,000 after purchasing an additional 14,887 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Block by 10.9% during 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 raised its position in shares of Block by 5.7% during 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 raised its position in shares of Block by 2,575.4% during 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. acquired a new position in Block in the second quarter valued at approximately $229,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on XYZ shares. Weiss Ratings upgraded shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Needham & Company LLC upped their price target on Block from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Citigroup increased their price target on Block from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Robert W. Baird set a $105.00 price objective on Block in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $95.00 price objective on shares of Block in a research report on Friday. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Block 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.