Insider Selling: Block (NYSE:XYZ) Director Sells $10,426,957.50 in Stock

Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Mathew Eisen sold 135,750 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the completion of the sale, the director owned 2,032,990 shares of the company’s stock, valued at $156,153,961.90. The trade was a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Block Stock Down 3.7%

Block stock opened at $68.25 on Friday. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $82.50. The firm has a market capitalization of $40.62 billion, a price-to-earnings ratio of 53.32, a price-to-earnings-growth ratio of 0.92 and a beta of 2.56. The firm’s fifty day moving average price is $68.17 and its two-hundred day moving average price is $64.06. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26.

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Block (NYSE:XYZ – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The firm had revenue of $6.06 billion for the quarter. During the same period last year, the business posted $0.56 earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, equities research analysts predict that Block, Inc. will post 2.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

XYZ has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on shares of Block from $51.00 to $58.00 and gave the company an “underweight” rating in a research report on Friday, May 8th. Needham & Company LLC raised their price target on shares of Block from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Bank of America lowered their price objective on shares of Block from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Block in a research report on Friday, May 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Block from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.12.

Check Out Our Latest Analysis on XYZ

Hedge Funds Weigh In On Block

Several large investors have recently modified their holdings of XYZ. Vanguard Group Inc. increased its stake in shares of Block by 23.1% in the third quarter. Vanguard Group Inc. now owns 67,626,485 shares of the technology company’s stock worth $4,887,366,000 after purchasing an additional 12,709,824 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Block in the second quarter worth about $535,305,000. Norges Bank purchased a new position in shares of Block in the fourth quarter worth about $484,387,000. Capital World Investors grew its stake in Block by 192.7% during the third quarter. Capital World Investors now owns 11,296,224 shares of the technology company’s stock valued at $816,378,000 after acquiring an additional 7,436,380 shares in the last quarter. Finally, Viking Global Investors LP purchased a new position in Block during the second quarter valued at approximately $368,213,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

About Block

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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.

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