Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Eisen sold 6,000 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $78.39, for a total transaction of $470,340.00. Following the completion of the transaction, the director directly owned 1,416,672 shares in the company, valued at approximately $111,052,918.08. The trade was a 0.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 Tuesday, September 8th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.18, for a total value of $493,080.00.
- On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.51, for a total value of $495,060.00.
- On Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.30, for a total value of $463,800.00.
- On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.58, for a total value 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 value of $510,720.00.
- On Wednesday, August 26th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.00, for a total value of $492,000.00.
- On Monday, August 24th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.48, for a total value of $488,880.00.
- On Friday, August 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 transaction of $477,300.00.
- On Monday, August 17th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.63, for a total transaction of $489,780.00.
Block Price Performance
Shares of NYSE:XYZ traded down $0.37 during trading on Thursday, reaching $79.03. The company had a trading volume of 3,229,648 shares, compared to its average volume of 6,477,345. The company has a fifty day moving average of $80.57 and a two-hundred day moving average of $71.82. The stock has a market capitalization of $47.48 billion, a P/E ratio of 141.12, a price-to-earnings-growth ratio of 0.85 and a beta of 2.52. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $86.92. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of XYZ. Elevation Wealth Partners LLC lifted its stake 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 during the last quarter. Global Assets Advisory LLC bought a new position in Block during the 1st quarter worth approximately $31,000. Cary Street Partners Investment Advisory LLC increased its stake in Block by 57.6% in the 4th 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 period. Osbon Capital Management LLC purchased a new position in Block in the 4th quarter worth approximately $43,000. Finally, Darwin Wealth Management LLC bought a new stake in Block in the second quarter valued at approximately $43,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on XYZ. Scotiabank initiated coverage on Block in a research note on Wednesday, September 2nd. They set a “sector perform” rating and a $82.00 price target for the company. Keefe, Bruyette & Woods raised their price objective on Block from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Needham & Company LLC boosted their target price on Block from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Jefferies Financial Group assumed coverage on Block in a research note on Tuesday, June 30th. They issued a “hold” rating for the company. Finally, Citigroup increased their price target 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. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Block currently has a consensus rating of “Moderate Buy” and an average price target of $95.42.
About Block
Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.
Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.
Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.
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