Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Eisen sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $75.35, for a total value of $452,100.00. Following the completion of the transaction, the director owned 1,302,672 shares in the company, valued at approximately $98,156,335.20. This trade represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.75, for a total transaction of $454,500.00.
- On Monday, October 5th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.24, for a total transaction of $445,440.00.
- On Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.61, for a total transaction of $453,660.00.
- On Wednesday, September 30th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.33, for a total transaction of $445,980.00.
- On Monday, September 28th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.20, for a total transaction of $451,200.00.
- On Friday, September 25th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.90, for a total value of $461,400.00.
- On Wednesday, September 23rd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.67, for a total value of $460,020.00.
- On Monday, September 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $77.54, for a total value of $465,240.00.
- On Friday, September 18th, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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.
Block Price Performance
XYZ opened at $77.34 on Friday. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.92. The firm has a market cap of $46.46 billion, a price-to-earnings ratio of 138.11, a PEG ratio of 0.79 and a beta of 2.55. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $79.21 and a 200 day simple moving average of $74.24.
Institutional Investors Weigh In On Block
Several institutional investors and hedge funds have recently made changes to their positions in XYZ. GK Wealth Management LLC bought a new position in Block during the third quarter worth $112,000. Wedmont Private Capital increased its stake in Block by 12.4% during the third quarter. Wedmont Private Capital now owns 9,564 shares of the technology company’s stock valued at $720,000 after purchasing an additional 1,058 shares during the last quarter. GAMMA Investing LLC increased its stake in Block by 9.7% during the third quarter. GAMMA Investing LLC now owns 13,846 shares of the technology company’s stock valued at $1,018,000 after purchasing an additional 1,228 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Block by 40.2% during the third quarter. Farther Finance Advisors LLC now owns 12,032 shares of the technology company’s stock worth $885,000 after purchasing an additional 3,453 shares during the period. Finally, CoreCap Advisors LLC lifted its position in shares of Block by 44.4% in the 3rd quarter. CoreCap Advisors LLC now owns 1,626 shares of the technology company’s stock worth $120,000 after buying an additional 500 shares during the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts recently issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Block from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. UBS Group increased their price objective on shares of Block from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Argus raised their price objective on shares of Block from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Piper Sandler boosted their target price on shares of Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, Needham & Company LLC upped their target price on shares of Block from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Block currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.45.
Block Company Profile
Block, Inc (NYSE:XYZ), formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.
Block’s Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.
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