Insider Selling: Block (NYSE:XYZ) Director Sells $482,580.00 in Stock

Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Eisen sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $80.43, for a total value of $482,580.00. Following the transaction, the director directly owned 1,260,672 shares in the company, valued at approximately $101,395,848.96. This represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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, 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 transaction of $471,480.00.
  • On Wednesday, October 14th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.70, for a total transaction of $454,200.00.
  • On Monday, October 12th, Anthony Eisen sold 6,000 shares of Block stock. The stock was 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 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 stock was sold at an average price of $74.24, for a total value 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 stock was sold at an average price of $75.20, for a total value 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 value of $461,400.00.

Block Stock Down 0.5%

Shares of XYZ stock traded down $0.41 during trading hours on Monday, reaching $77.48. 3,612,157 shares of the company’s stock were exchanged, compared to its average volume of 6,188,326. The stock has a market cap of $46.55 billion, a PE ratio of 138.35, a PEG ratio of 0.81 and a beta of 2.55. 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 stock’s fifty day moving average price is $78.77 and its two-hundred day moving average price is $75.00. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.92.

Block (NYSE:XYZ – Get Free Report) last released 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 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%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business 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. Research analysts predict that Block, Inc. will post 2.74 EPS for the current year.

Institutional Investors Weigh In On Block

A number of hedge funds and other institutional investors have recently made changes to their positions in XYZ. SteelPeak Wealth LLC acquired a new position in shares of Block in the 3rd quarter valued at $339,000. Banque Pictet & Cie SA lifted its position in Block by 4.8% during the 3rd quarter. Banque Pictet & Cie SA now owns 7,757 shares of the technology company’s stock worth $570,000 after acquiring an additional 357 shares during the period. V Square Quantitative Management LLC grew its stake in shares of Block by 6.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 5,945 shares of the technology company’s stock valued at $437,000 after purchasing an additional 363 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Block by 11.4% in the third quarter. Assenagon Asset Management S.A. now owns 1,044,530 shares of the technology company’s stock valued at $76,804,000 after purchasing an additional 106,990 shares during the period. Finally, Mather Group LLC. increased its holdings in shares of Block by 53.9% in the third quarter. Mather Group LLC. now owns 2,932 shares of the technology company’s stock valued at $216,000 after purchasing an additional 1,027 shares during the period. Institutional investors and hedge funds own 70.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. BMO Capital Markets lifted their price objective on shares of Block from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group raised Block from a “buy” rating to a “buy” rating in a research report on Tuesday, June 30th. Truist Financial raised their target price on Block from $82.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Morgan Stanley restated an “overweight” rating on shares of Block in a research note on Wednesday, August 5th. Finally, TD Cowen lifted their price target on Block from $101.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.39.

Read Our Latest Stock Analysis on XYZ

About Block

(Get Free Report)

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.

Further Reading

Insider Buying and Selling by Quarter for Block (NYSE:XYZ)

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