Block (NYSE:XYZ) Director Sells 6,000 Shares of Stock

Block, Inc. (NYSE:XYZGet Free Report) Director Anthony Eisen sold 6,000 shares of the stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $77.54, for a total transaction of $465,240.00. Following the sale, the director directly owned 1,374,672 shares in the company, valued at $106,592,066.88. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 Wednesday, September 23rd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.67, for a total transaction of $460,020.00.
  • On Friday, September 18th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.55, for a total transaction of $459,300.00.
  • On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.36, for a total transaction of $470,160.00.
  • On Monday, September 14th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.96, for a total transaction of $473,760.00.
  • On Thursday, September 10th, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 stock was sold at an average price of $82.51, for a total transaction 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 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 stock was sold at an average price of $85.12, for a total value of $510,720.00.

Block Stock Down 3.7%

Shares of XYZ stock traded down $2.83 during mid-day trading on Wednesday, hitting $74.70. The company’s stock had a trading volume of 5,171,640 shares, compared to its average volume of 6,348,506. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $86.92. The business has a 50-day moving average price of $80.52 and a 200 day moving average price of $73.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a market cap of $44.88 billion, a price-to-earnings ratio of 133.39, a PEG ratio of 0.81 and a beta of 2.52.

Block (NYSE:XYZGet Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The firm had revenue of $6.62 billion for the quarter. During the same period in the previous year, the company earned $0.62 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Research analysts predict that Block, Inc. will post 2.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Piper Sandler raised their price target on shares of Block from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Craig Hallum began coverage on shares of Block in a report on Tuesday, June 30th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Block to a “buy” rating in a research report on Tuesday, June 30th. Weiss Ratings upgraded shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Finally, Morgan Stanley restated an “overweight” rating on shares of Block in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.42.

Check Out Our Latest Stock Report on XYZ

Hedge Funds Weigh In On Block

Institutional investors have recently made changes to their positions in the business. Elevation Wealth Partners LLC increased its holdings in Block by 301.0% during the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after buying an additional 292 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Block during the 1st quarter worth $31,000. Cary Street Partners Investment Advisory LLC grew its position in shares of Block by 57.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after acquiring an additional 223 shares during the period. Osbon Capital Management LLC bought a new stake in shares of Block during the 4th quarter valued at $43,000. Finally, Ancora Advisors LLC bought a new stake in shares of Block during the 2nd quarter valued at $53,000. Institutional investors own 70.44% of the company’s stock.

About Block

(Get Free Report)

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.

Recommended Stories

Insider Buying and Selling by Quarter for Block (NYSE:XYZ)

Receive News & Ratings for Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Block and related companies with MarketBeat.com's FREE daily email newsletter.