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

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $74.01, for a total value of $444,060.00. Following the completion of the sale, the director owned 1,940,672 shares of the company’s stock, valued at approximately $143,629,134.72. This represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 Monday, June 22nd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.28, for a total transaction of $445,680.00.
• On Wednesday, June 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.10, for a total transaction of $444,600.00.
• 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 transaction of $433,560.00.
• On Friday, June 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $69.78, for a total transaction of $418,680.00.
• 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 transaction 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 Trading Up 4.6%

Shares of XYZ stock traded up $3.30 on Wednesday, reaching $75.67. 6,365,250 shares of the company’s stock were exchanged, compared to its average volume of 7,199,166. The company’s fifty day simple moving average is $70.98 and its 200 day simple moving average is $64.86. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $82.50. 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 stock has a market capitalization of $45.04 billion, a PE ratio of 59.12, a P/E/G ratio of 0.95 and a beta of 2.56.

Block (NYSE:XYZ) last released its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. As a group, analysts forecast that Block, Inc. will post 2.42 EPS for the current year.

Wall Street Analyst Weigh In

XYZ has been the subject of several research reports. Bank of America lowered their target price on Block from $85.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Raymond James Financial upgraded shares of Block to a “moderate buy” rating in a report on Friday, February 27th. Piper Sandler upped their price target on shares of Block from $51.00 to $58.00 and gave the stock an “underweight” rating in a research report on Friday, May 8th. Truist Financial boosted their price objective on shares of Block from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Finally, Zacks Research raised Block from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. Four research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.42.

Institutional Trading of Block

A number of institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. purchased a new position in Block during the 2nd quarter worth $535,305,000. Norges Bank acquired a new stake in Block in the fourth quarter worth about $484,387,000. Capital World Investors grew its stake in shares of Block by 192.7% during the third quarter. Capital World Investors now owns 11,296,224 shares of the technology company’s stock worth $816,378,000 after acquiring an additional 7,436,380 shares during the last quarter. Viking Global Investors LP purchased a new stake in shares of Block during the second quarter worth about $368,213,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Block by 528.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock valued at $199,153,000 after acquiring an additional 2,782,523 shares in the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

About Block

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.