Block (NYSE:XYZ) Director Sells $454,560.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $75.76, for a total transaction of $454,560.00. Following the transaction, the director directly owned 1,224,672 shares in the company, valued at $92,781,150.72. The trade was a 0.49% decrease in their position. The sale was disclosed in a document filed 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 Friday, October 23rd, Anthony Eisen sold 6,000 shares of Block stock. The stock was 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 stock was 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.
• On Wednesday, October 7th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.35, for a total value 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 value of $445,440.00.
• On Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.61, for a total value of $453,660.00.

Block Trading Up 0.5%

NYSE:XYZ traded up $0.38 during mid-day trading on Tuesday, reaching $74.93. The company’s stock had a trading volume of 4,800,895 shares, compared to its average volume of 6,133,292. The company’s fifty day simple moving average is $78.51 and its two-hundred day simple moving average is $70.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.92. The stock has a market cap of $45.02 billion, a P/E ratio of 133.81, a P/E/G ratio of 0.80 and a beta of 2.55.

Block (NYSE:XYZ) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%. The company had revenue of $6.62 billion during the quarter. During the same quarter last year, the firm earned $0.62 EPS. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. 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, equities analysts predict that Block, Inc. will post 2.75 EPS for the current year.

Analysts Set New Price Targets

XYZ has been the subject of several research analyst reports. Clear Str raised shares of Block to a “hold” rating in a research report on Thursday, July 16th. Scotiabank assumed coverage on Block in a research report on Wednesday, September 2nd. They issued a “sector perform” rating and a $82.00 target price for the company. Susquehanna upped their target price on shares of Block from $90.00 to $100.00 and gave the company a “positive” rating in a research note on Thursday, August 6th. Robert W. Baird upped their price objective on shares of Block from $105.00 to $106.00 and gave the company an “outperform” rating in a research report on Friday, October 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $95.00 target price on shares of Block in a research note on Wednesday, October 21st. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.61.

Hedge Funds Weigh In On Block

Institutional investors have recently made changes to their positions in the business. Ashton Thomas Securities LLC raised its holdings in Block by 2.8% in the third quarter. Ashton Thomas Securities LLC now owns 5,885 shares of the technology company’s stock valued at $433,000 after acquiring an additional 160 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Block by 5.6% in the 3rd quarter. Park Avenue Securities LLC now owns 13,512 shares of the technology company’s stock valued at $994,000 after purchasing an additional 721 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of Block during the third quarter worth about $247,000. Simplicity Wealth LLC lifted its position in shares of Block by 16.0% during the third quarter. Simplicity Wealth LLC now owns 4,694 shares of the technology company’s stock worth $345,000 after purchasing an additional 646 shares during the last quarter. Finally, Gibbs Wealth Management grew its stake in Block by 20.7% in the third quarter. Gibbs Wealth Management now owns 11,753 shares of the technology company’s stock worth $864,000 after purchasing an additional 2,019 shares in the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.

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.