Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Eisen sold 6,000 shares of the stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $75.70, for a total value of $454,200.00. Following the completion of the transaction, the director directly owned 1,272,672 shares of the company’s stock, valued at approximately $96,341,270.40. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Monday, October 12th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.97, for a total transaction of $461,820.00.
- 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 Wednesday, October 7th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.35, for a total transaction of $452,100.00.
- On Monday, October 5th, Anthony Eisen sold 6,000 shares of Block stock. The stock was 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 shares were 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 stock was sold at an average price of $76.90, for a total transaction 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 transaction 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 transaction of $465,240.00.
Block Price Performance
NYSE XYZ traded down $1.02 during trading hours on Wednesday, hitting $75.84. 5,194,236 shares of the company’s stock traded hands, compared to its average volume of 6,211,134. The company has a market capitalization of $45.57 billion, a PE ratio of 135.43, a PEG ratio of 0.80 and a beta of 2.55. 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 52-week low of $48.21 and a 52-week high of $86.92. The firm’s 50-day moving average is $78.95 and its 200-day moving average is $74.57.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on XYZ shares. The Goldman Sachs Group raised Block from a “buy” rating to a “buy” rating in a report on Tuesday, June 30th. Royal Bank Of Canada boosted their price objective on Block from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Argus upped their target price on Block from $86.00 to $103.00 and gave the company a “buy” rating in a report on Friday, August 7th. BMO Capital Markets raised their target price on Block from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. Finally, Clear Str raised Block to a “hold” rating in a research note on Thursday, July 16th. Four 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $95.45.
Read Our Latest Research Report on XYZ
Institutional Trading of Block
A number of hedge funds and other institutional investors have recently made changes to their positions in XYZ. Hsbc Holdings PLC increased its stake in Block by 7.2% during the fourth quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock worth $79,749,000 after acquiring an additional 82,446 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Block during the 2nd quarter worth $366,000. PNC Financial Services Group Inc. grew its holdings in shares of Block by 35.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 69,637 shares of the technology company’s stock worth $4,191,000 after purchasing an additional 18,326 shares during the period. Swiss National Bank grew its holdings in shares of Block by 6.7% during the 1st quarter. Swiss National Bank now owns 1,607,286 shares of the technology company’s stock worth $96,726,000 after purchasing an additional 101,300 shares during the period. Finally, Old Mission Investment Co LLC acquired a new stake in shares of Block during the 2nd quarter worth about $1,513,000. Institutional investors and hedge funds own 70.44% of the company’s stock.
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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