Insider Selling: Block (NYSE:XYZ) Director Sells $497,220.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $82.87, for a total value of $497,220.00. Following the transaction, the director owned 1,524,672 shares of the company’s stock, valued at $126,349,568.64. The trade was a 0.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 Wednesday, August 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.62, for a total value of $471,720.00.
• On Monday, August 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.47, for a total value of $470,820.00.
• On Thursday, August 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $83.07, for a total transaction of $498,420.00.
• On Wednesday, August 5th, Anthony Mathew Eisen sold 41,000 shares of Block stock. The stock was sold at an average price of $85.85, for a total transaction of $3,519,850.00.
• On Monday, August 3rd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.52, for a total transaction of $489,120.00.
• On Friday, July 31st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.27, for a total transaction of $493,620.00.
• On Wednesday, July 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.22, for a total transaction of $493,320.00.
• On Monday, July 27th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.88, for a total transaction of $473,280.00.
• On Monday, July 20th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.90, for a total transaction of $473,400.00.
• On Friday, July 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.13, for a total transaction of $474,780.00.

Block Trading Down 0.2%

Shares of XYZ stock opened at $82.73 on Monday. The company’s fifty day simple moving average is $77.57 and its two-hundred day simple moving average is $68.59. 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 1 year low of $48.21 and a 1 year high of $86.75. The stock has a market capitalization of $49.70 billion, a price-to-earnings ratio of 147.73, a PEG ratio of 0.93 and a beta of 2.53.

Block (NYSE:XYZ) last posted its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.62 billion for the quarter. During the same quarter in the prior year, the company earned $0.62 EPS. The company’s revenue was up 9.3% on a year-over-year basis. 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, analysts anticipate that Block, Inc. will post 2.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on XYZ shares. Zacks Research downgraded Block from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. William Blair cut Block to a “market perform” rating in a research report on Tuesday, June 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $95.00 price target on shares of Block in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Block to a “buy” rating in a research report on Tuesday, June 30th. Finally, Royal Bank Of Canada boosted their price objective on shares of Block from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Block presently has a consensus rating of “Moderate Buy” and an average price target of $95.23.

Hedge Funds Weigh In On Block

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC raised its holdings in shares of Block by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after acquiring an additional 292 shares in the last quarter. Global Assets Advisory LLC purchased a new position in shares of Block during the first quarter worth about $31,000. Rachor Investment Advisory Services LLC bought a new position in shares of Block in the fourth quarter worth approximately $32,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Block by 57.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock worth $40,000 after purchasing an additional 223 shares during the last quarter. Finally, Osbon Capital Management LLC purchased a new stake in Block in the fourth quarter valued at approximately $43,000. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

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.