Block (NYSE:XYZ) Director Sells $471,480.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the stock in a transaction on Monday, October 19th. The stock was sold at an average price of $78.58, for a total value of $471,480.00. Following the transaction, the director owned 1,254,672 shares of the company’s stock, valued at approximately $98,592,125.76. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 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 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 shares were sold at an average price of $76.97, for a total transaction 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 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 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.

Block Stock Performance

Shares of XYZ stock opened at $78.21 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a market cap of $46.99 billion, a P/E ratio of 26.75, a P/E/G ratio of 0.81 and a beta of 2.55. The firm’s 50 day moving average price is $78.72 and its 200-day moving average price is $75.39. Block, Inc. has a one year low of $48.21 and a one year high of $86.92.

Block (NYSE:XYZ) last posted its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.54. The firm 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 posted $0.62 EPS. 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 research analysts predict that Block, Inc. will post 2.75 EPS for the current year.

Institutional Trading of Block

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raiffeisen Bank International AG lifted its holdings in Block by 0.3% during the 2nd quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company’s stock worth $3,503,000 after buying an additional 148 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Block by 1.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,888 shares of the technology company’s stock valued at $874,000 after acquiring an additional 175 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of Block by 3.3% in the 2nd quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company’s stock valued at $462,000 after acquiring an additional 193 shares during the last quarter. Carson Advisory Inc. increased its holdings in shares of Block by 2.6% in the 1st quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company’s stock valued at $484,000 after acquiring an additional 200 shares during the last quarter. Finally, World Investment Advisors raised its position in shares of Block by 8.1% during the 1st quarter. World Investment Advisors now owns 3,825 shares of the technology company’s stock worth $230,000 after acquiring an additional 287 shares in the last quarter. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on XYZ shares. TD Cowen lifted their price objective on Block from $101.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Scotiabank assumed coverage on Block in a report on Wednesday, September 2nd. They issued a “sector perform” rating and a $82.00 price objective on the stock. UBS Group set a $96.00 target price on Block in a research note on Thursday, October 15th. Robert W. Baird raised their target price on Block from $105.00 to $106.00 and gave the company an “outperform” rating in a report on Friday, October 2nd. Finally, Piper Sandler raised their target price on Block from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.55.

About Block

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.