Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Eisen sold 6,000 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $78.96, for a total transaction of $473,760.00. Following the completion of the transaction, the director directly owned 1,404,672 shares in the company, valued at $110,912,901.12. The trade was a 0.43% decrease in their position. The sale was disclosed in a legal 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 Thursday, September 10th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.39, for a total transaction of $470,340.00.
- On Tuesday, September 8th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.18, for a total transaction of $493,080.00.
- On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 shares were 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 stock was 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 stock was 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 shares were 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 value of $480,240.00.
- On Wednesday, August 19th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.55, for a total value of $477,300.00.
Block Stock Down 0.1%
Shares of XYZ opened at $76.54 on Friday. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a 50 day simple moving average of $80.61 and a two-hundred day simple moving average of $72.84. The firm has a market cap of $45.98 billion, a P/E ratio of 136.67, a P/E/G ratio of 0.80 and a beta of 2.52.
Hedge Funds Weigh In On Block
Several hedge funds and other institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its holdings in shares of Block by 5.7% during the second quarter. Sequoia Financial Advisors LLC now owns 15,836 shares of the technology company’s stock worth $1,204,000 after purchasing an additional 857 shares during the period. Engineers Gate Manager LP increased its holdings in Block by 2,575.4% during the 2nd quarter. Engineers Gate Manager LP now owns 571,414 shares of the technology company’s stock valued at $43,427,000 after purchasing an additional 550,056 shares during the period. Cidel Asset Management Inc. bought a new position in Block during the 2nd quarter valued at approximately $229,000. NorthRock Partners LLC raised its position in Block by 43.3% during the 2nd quarter. NorthRock Partners LLC now owns 9,610 shares of the technology company’s stock valued at $730,000 after purchasing an additional 2,904 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in Block by 14.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 15,656 shares of the technology company’s stock worth $1,190,000 after buying an additional 1,968 shares during the period. 70.44% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts have weighed in on the stock. Robert W. Baird set a $105.00 price target on shares of Block in a research note on Thursday, August 6th. Keefe, Bruyette & Woods lifted their price objective on Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Cantor Fitzgerald restated an “overweight” rating and set a $95.00 target price on shares of Block in a report on Thursday, August 6th. Susquehanna raised their price target on Block from $90.00 to $100.00 and gave the stock a “positive” rating in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group upgraded Block from a “buy” rating to a “buy” rating in a research report on Tuesday, June 30th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Block has an average rating of “Moderate Buy” and an average price target of $95.42.
Check Out Our Latest Research Report on XYZ
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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