Insider Selling: Block (NYSE:XYZ) Director Sells 6,000 Shares of Stock

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $69.78, for a total value of $418,680.00. Following the completion of the sale, the director directly owned 1,978,990 shares in the company, valued at $138,093,922.20. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Monday, June 15th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $72.26, for a total value of $433,560.00.
• On Wednesday, June 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $66.64, for a total value of $399,840.00.
• On Monday, June 8th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $68.22, for a total value of $409,320.00.
• On Thursday, June 4th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $70.84, for a total value of $425,040.00.
• On Monday, June 1st, Anthony Mathew Eisen sold 135,750 shares of Block stock. The shares were sold at an average price of $76.81, for a total value of $10,426,957.50.

Block Stock Up 6.8%

Block stock traded up $4.71 during trading hours on Monday, hitting $74.23. 9,542,817 shares of the stock traded hands, compared to its average volume of 5,579,705. The firm’s 50-day moving average price is $69.49 and its two-hundred day moving average price is $64.44. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. The company has a market cap of $44.18 billion, a PE ratio of 57.99, a PEG ratio of 0.90 and a beta of 2.56. Block, Inc. has a one year low of $48.21 and a one year high of $82.50.

Block (NYSE:XYZ) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.55. The business had revenue of $6.06 billion for the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 earnings per share. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, research analysts forecast that Block, Inc. will post 2.42 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Block from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Citigroup 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 Friday, May 8th. Zacks Research raised shares of Block from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. Cantor Fitzgerald boosted their price objective on shares of Block from $78.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Finally, BMO Capital Markets assumed coverage on shares of Block in a research report on Tuesday, April 21st. They set a “market perform” rating and a $74.00 price objective for the company. Four research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $85.42.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Block by 23.1% in the 3rd quarter. Vanguard Group Inc. now owns 67,626,485 shares of the technology company’s stock worth $4,887,366,000 after buying an additional 12,709,824 shares during the period. Capital World Investors lifted its stake in Block by 41.8% in the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock worth $1,042,966,000 after purchasing an additional 4,727,217 shares in the last quarter. Geode Capital Management LLC lifted its stake in Block by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock worth $934,121,000 after purchasing an additional 67,560 shares in the last quarter. Sands Capital Management LLC lifted its stake in Block by 12.2% in the 3rd quarter. Sands Capital Management LLC now owns 11,603,057 shares of the technology company’s stock worth $838,553,000 after purchasing an additional 1,262,317 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in Block in the 2nd quarter worth $535,305,000. Institutional investors own 70.44% of the company’s stock.

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.