Block (NYSE:XYZ) Stock: Insider Anthony Mathew Eisen Sells 35,000 Shares

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 35,000 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $87.50, for a total transaction of $3,062,500.00. Following the sale, the director directly owned 1,177,672 shares of the company’s stock, valued at approximately $103,046,300. The trade was a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, October 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.44, for a total transaction of $446,640.00.
• On Monday, October 26th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.76, for a total value of $454,560.00.
• 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 value 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 value of $474,420.00.
• On Monday, October 19th, Anthony Eisen sold 6,000 shares of Block stock. The stock was 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 shares were 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 value 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 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.

Block Price Performance

XYZ opened at $85.58 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.23 and a quick ratio of 2.21. The company has a market capitalization of $51.42 billion, a price-to-earnings ratio of 115.65, a P/E/G ratio of 0.89 and a beta of 2.58. The firm’s fifty day moving average price is $77.92 and its two-hundred day moving average price is $71.50. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $88.51.

Block (NYSE:XYZ) last announced its earnings results on Tuesday, November 3rd. The technology company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.68 by $0.45. The company had revenue of $6.72 billion during the quarter. Block had a net margin of 1.80% and a return on equity of 9.63%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. As a group, analysts anticipate that Block, Inc. will post 2.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Block

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Block in the 2nd quarter worth $621,703,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Block by 18.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,194,419 shares of the technology company’s stock worth $234,886,000 after acquiring an additional 494,083 shares during the last quarter. Hyperion Asset Management Ltd lifted its holdings in shares of Block by 6.9% during the 2nd quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company’s stock worth $203,897,000 after acquiring an additional 172,848 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Block by 528.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock worth $199,153,000 after acquiring an additional 2,782,523 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Block by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company’s stock worth $189,353,000 after acquiring an additional 39,112 shares in the last quarter. 70.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on XYZ shares. Zacks Research lowered shares of Block from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Block in a research note on Tuesday. The Goldman Sachs Group dropped their target price on shares of Block from $107.00 to $102.00 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. BNP Paribas Exane reduced their target price on shares of Block from $107.00 to $102.00 in a research report on Monday, October 12th. Finally, Scotiabank raised their price target on shares of Block from $82.00 to $89.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $98.36.

Block News Summary

Here are the key news stories impacting Block this week:

• Positive Sentiment: Several firms raised price targets, reinforcing expectations for further gains. UBS lifted its target to $105, Raymond James to $100 while maintaining an “outperform” rating, and BMO to $102 with a “market perform” rating. Wells Fargo raised its target to $110 and Barclays to $105, both with “overweight” ratings; Argus raised its target to $105 and maintained “buy.” UBS rating Raymond James rating BMO target update Wells Fargo rating Barclays rating Argus rating
• Positive Sentiment: Block reported better-than-expected earnings, with quarterly EPS of $1.13 versus the $0.68 consensus and revenue growth of 9.9% year over year. Shares subsequently reached a 52-week high, and traders bought a large volume of call options—signals of favorable investor expectations. Earnings and 52-week high Call options activity
• Neutral Sentiment: Rothschild & Co Redburn raised its target from $75 to $85 but kept a “neutral” rating, putting its estimate close to the recent share price. Redburn target update
• Negative Sentiment: Block reportedly made another round of job cuts this year, affecting employees in its Cash App businesses. The reductions may raise concerns about execution or operating pressures despite the recent earnings beat. Report on Block job cuts

Block Company Profile

Block, Inc is a financial technology company that provides payment and commerce tools to businesses and financial services for consumers. Its products include Square, a platform offering payment processing, point-of-sale software and related business services, and Cash App, which provides person-to-person payments and other financial features.

The company also owns Afterpay, a buy-now, pay-later service, and TIDAL, a music and entertainment platform. Block serves businesses and consumers in the United States and other markets, with product availability varying by country.

Founded in 2009 as Square by Jack Dorsey and Jim McKelvey, the company adopted the name Block in 2021.