Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $81.52, for a total value of $489,120.00. Following the completion of the sale, the director directly owned 1,613,672 shares in the company, valued at approximately $131,546,541.44. This represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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 value 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 value of $493,320.00.
- On Monday, July 27th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.88, for a total value 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 value 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 value of $474,780.00.
- On Monday, July 13th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.35, for a total value of $470,100.00.
- On Friday, July 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.91, for a total value of $473,460.00.
- On Wednesday, July 8th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.66, for a total transaction of $459,960.00.
- On Monday, July 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.77, for a total transaction of $472,620.00.
- On Thursday, July 2nd, Anthony Mathew Eisen sold 36,000 shares of Block stock. The shares were sold at an average price of $79.83, for a total transaction of $2,873,880.00.
Block Stock Up 0.9%
NYSE:XYZ traded up $0.77 on Monday, reaching $82.01. 4,278,711 shares of the stock traded hands, compared to its average volume of 6,816,483. 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 company has a market capitalization of $48.81 billion, a price-to-earnings ratio of 64.07, a PEG ratio of 1.02 and a beta of 2.54. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $84.08. The company’s fifty day simple moving average is $75.70 and its 200 day simple moving average is $67.48.
Institutional Investors Weigh In On Block
A number of large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. bought a new stake in Block during the second quarter valued at approximately $535,305,000. Norges Bank bought a new position in Block in the fourth quarter worth approximately $484,387,000. Viking Global Investors LP bought a new position in Block in the second quarter worth approximately $368,213,000. Capital World Investors boosted its stake in shares of Block by 41.8% during the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock worth $1,042,966,000 after acquiring an additional 4,727,217 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Block by 528.2% during the 1st 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 during the last quarter. Institutional investors own 70.44% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on XYZ shares. Piper Sandler raised Block from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $58.00 to $100.00 in a research report on Monday, June 29th. Barclays began coverage on Block in a report on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 target price for the company. Oppenheimer cut Block from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. The Goldman Sachs Group raised Block from a “buy” rating to a “buy” rating in a report on Tuesday, June 30th. Finally, Zacks Research cut Block from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Block has an average rating of “Moderate Buy” and a consensus target price of $89.58.
View Our Latest Analysis on Block
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.
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