Block (NYSE:XYZ) Stock: Insider Anthony Mathew Eisen Sells 100,000 Shares

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $89.00, for a total transaction of $8,900,000.00. Following the transaction, the director directly owned 1,077,672 shares of the company’s stock, valued at $95,912,808. The trade was a 8.49% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Wednesday, November 4th, Anthony Eisen sold 35,000 shares of Block stock. The shares were sold at an average price of $87.50, for a total transaction of $3,062,500.00.
• On Wednesday, October 28th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.44, for a total transaction of $446,640.00.
• On Monday, October 26th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.76, for a total transaction of $454,560.00.
• On Friday, October 23rd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $77.84, for a total transaction of $467,040.00.
• On Wednesday, October 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.07, for a total transaction of $474,420.00.
• On Monday, October 19th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.58, for a total value of $471,480.00.
• On Friday, October 16th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $80.43, for a total value of $482,580.00.
• On Wednesday, October 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.70, for a total value of $454,200.00.
• On Monday, October 12th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.97, for a total value of $461,820.00.
• On Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.75, for a total value of $454,500.00.

Block Stock Performance

XYZ stock traded down $3.41 during trading on Thursday, reaching $82.31. The stock had a trading volume of 3,854,921 shares, compared to its average volume of 6,204,774. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $89.39. The stock’s 50 day moving average is $78.24 and its two-hundred day moving average is $71.82. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.25. The firm has a market cap of $49.45 billion, a PE ratio of 111.24, a PEG ratio of 0.85 and a beta of 2.58.

Block (NYSE:XYZ) last released its quarterly earnings results on Tuesday, November 3rd. The technology company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.45. The business had revenue of $6.72 billion during the quarter. Block had a return on equity of 9.63% and a net margin of 1.80%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 earnings per share. As a group, equities analysts anticipate that Block, Inc. will post 2.86 earnings per share for the current year.

Wall Street Analyst Weigh In

XYZ has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of Block from $97.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, November 5th. Citigroup upgraded shares of Block from a “buy” rating to an “outperform” rating in a research report on Tuesday, November 3rd. Keefe, Bruyette & Woods lifted their price target on shares of Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Canaccord Genuity Group boosted their price objective on shares of Block from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, BNP Paribas Exane cut their price objective on shares of Block from $107.00 to $102.00 in a research report on Monday, October 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Block currently has an average rating of “Moderate Buy” and an average target price of $100.32.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Block during the 2nd quarter valued at approximately $621,703,000. Sumitomo Mitsui Trust Group Inc. raised its stake in Block by 18.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,194,419 shares of the technology company’s stock worth $234,886,000 after acquiring an additional 494,083 shares during the period. Hyperion Asset Management Ltd lifted its holdings in Block by 6.9% during the second quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company’s stock valued at $203,897,000 after purchasing an additional 172,848 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Block by 528.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock valued at $199,153,000 after purchasing an additional 2,782,523 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Block by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company’s stock worth $189,353,000 after purchasing an additional 39,112 shares during the period. 70.44% of the stock is owned by hedge funds and other institutional investors.

Block Company Profile

Block, Inc. is a financial technology company that provides payment and commerce tools to businesses and financial services for consumers. Its products include Square, a platform offering payment processing, point-of-sale software and related business services, and Cash App, which provides person-to-person payments and other financial features. The company also owns Afterpay, a buy-now, pay-later service, and TIDAL, a music and entertainment platform. Block serves businesses and consumers in the United States and other markets, with product availability varying by country.