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

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the stock in a transaction on Monday, October 12th. The stock was sold at an average price of $76.97, for a total value of $461,820.00. Following the completion of the transaction, the director owned 1,284,672 shares of the company’s stock, valued at $98,881,203.84. The trade was a 0.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through 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, 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 transaction of $454,200.00.
• On Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.75, for a total transaction of $454,500.00.
• On Wednesday, October 7th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.35, for a total transaction of $452,100.00.
• On Monday, October 5th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.24, for a total transaction of $445,440.00.
• On Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.61, for a total transaction of $453,660.00.
• On Wednesday, September 30th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.33, for a total transaction of $445,980.00.
• On Monday, September 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.20, for a total transaction of $451,200.00.
• On Friday, September 25th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.90, for a total transaction of $461,400.00.
• 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 transaction 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 transaction of $465,240.00.

Block Trading Down 1.3%

Shares of XYZ opened at $75.84 on Thursday. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.92. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $45.57 billion, a P/E ratio of 135.43, a PEG ratio of 0.80 and a beta of 2.55. The firm’s 50-day moving average is $78.78 and its two-hundred day moving average is $74.69.

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, beating analysts’ consensus estimates of $0.48 by $0.54. The company 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 was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business 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. On average, research analysts predict that Block, Inc. will post 2.74 earnings per share for the current fiscal year.

Institutional Trading of Block

Several large investors have recently modified their holdings of XYZ. Hsbc Holdings PLC boosted its stake in Block by 7.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock worth $79,749,000 after buying an additional 82,446 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in Block in the 2nd quarter valued at about $366,000. PNC Financial Services Group Inc. increased its stake in shares of Block by 35.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 69,637 shares of the technology company’s stock valued at $4,191,000 after acquiring an additional 18,326 shares during the last quarter. Swiss National Bank increased its stake in shares of Block by 6.7% during the 1st quarter. Swiss National Bank now owns 1,607,286 shares of the technology company’s stock valued at $96,726,000 after acquiring an additional 101,300 shares during the last quarter. Finally, Old Mission Investment Co LLC acquired a new position in shares of Block during the 2nd quarter valued at about $1,513,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wolfe Research lifted their price objective on Block from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Craig Hallum began coverage on Block in a report on Tuesday, June 30th. They issued a “buy” rating on the stock. Scotiabank started coverage on Block in a report on Wednesday, September 2nd. They issued a “sector perform” rating and a $82.00 target price on the stock. TD Cowen raised their price target on Block from $101.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Jefferies Financial Group started coverage on Block in a research report on Tuesday, June 30th. They issued a “hold” rating for the company. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $95.45.

Block Company Profile

Block, Inc (NYSE:XYZ), formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.

Block’s Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.