Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Eisen sold 6,000 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $82.51, for a total transaction of $495,060.00. Following the completion of the transaction, the director owned 1,434,672 shares in the company, valued at approximately $118,374,786.72. The trade was a 0.42% decrease in their position. The sale was disclosed in a 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 Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $77.30, for a total transaction of $463,800.00.
- On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.58, for a total transaction of $495,480.00.
- On Friday, August 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $85.12, for a total transaction of $510,720.00.
- On Wednesday, August 26th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.00, for a total transaction of $492,000.00.
- On Monday, August 24th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.48, for a total transaction of $488,880.00.
- On Friday, August 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $80.04, for a total transaction of $480,240.00.
- On Wednesday, August 19th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.55, for a total value of $477,300.00.
- On Monday, August 17th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.63, for a total value of $489,780.00.
- On Friday, August 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.87, for a total value of $497,220.00.
- On Wednesday, August 12th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.62, for a total value of $471,720.00.
Block Trading Down 0.6%
Shares of NYSE:XYZ opened at $82.83 on Friday. The company has a market cap of $49.76 billion, a P/E ratio of 147.91, a PEG ratio of 0.87 and a beta of 2.52. 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 $86.92. The stock’s fifty day moving average price is $80.35 and its 200-day moving average price is $71.08.
Analyst Ratings Changes
XYZ has been the subject of a number of research analyst reports. Robert W. Baird set a $105.00 price target on shares of Block in a research note on Thursday, August 6th. Citigroup increased their price objective on shares of Block from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Morgan Stanley reaffirmed an “overweight” rating on shares of Block in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of Block from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Keefe, Bruyette & Woods increased their price target on Block from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.
Check Out Our Latest Report on XYZ
Institutional Trading of Block
Several large investors have recently added to or reduced their stakes in the business. Baird Financial Group Inc. purchased a new position in shares of Block during the 2nd quarter worth $1,866,000. Brown Advisory Inc. purchased a new position in Block during the second quarter valued at $516,000. Jump Financial LLC purchased a new position in Block during the second quarter valued at $385,000. Federated Hermes Inc. bought a new stake in Block during the second quarter valued at about $53,000. Finally, Cerity Partners LLC bought a new stake in Block during the second quarter valued at about $1,861,000. 70.44% of the stock is currently owned by 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.
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