Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Eisen sold 6,000 shares of the stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $75.76, for a total value of $454,560.00. Following the transaction, the director directly owned 1,224,672 shares in the company, valued at approximately $92,781,150.72. This represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Friday, October 23rd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $77.84, for a total value of $467,040.00.
- On Wednesday, October 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.07, for a total value of $474,420.00.
- On Monday, October 19th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.58, for a total value of $471,480.00.
- On Friday, October 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.43, for a total value of $482,580.00.
- On Wednesday, October 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.70, for a total value of $454,200.00.
- 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 value 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 shares were 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 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.
Block Stock Performance
Shares of NYSE:XYZ traded up $0.38 on Tuesday, reaching $74.93. 4,800,895 shares of the company’s stock were exchanged, compared to its average volume of 6,133,292. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $86.92. The business’s 50-day moving average is $78.51 and its two-hundred day moving average is $70.95. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $45.02 billion, a price-to-earnings ratio of 133.81, a PEG ratio of 0.80 and a beta of 2.55.
Block (NYSE:XYZ – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. The business had revenue of $6.62 billion during the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. Block’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 EPS. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, equities research analysts forecast that Block, Inc. will post 2.75 EPS for the current year.
Analyst Ratings Changes
Several brokerages have commented on XYZ. Oppenheimer restated an “outperform” rating and issued a $97.00 price target on shares of Block in a research note on Thursday, August 6th. The Goldman Sachs Group upgraded Block from a “buy” rating to a “buy” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $95.00 target price on shares of Block in a research note on Wednesday, October 21st. Susquehanna lifted their target price on Block from $90.00 to $100.00 and gave the company a “positive” rating in a research note on Thursday, August 6th. Finally, Rosenblatt Securities set a $100.00 price target on shares of Block in a research note on Tuesday, June 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.61.
View Our Latest Research Report on Block
Institutional Investors Weigh In On Block
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Block during the 2nd quarter valued at $621,703,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Block by 528.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock worth $199,153,000 after buying an additional 2,782,523 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Block by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company’s stock worth $189,353,000 after buying an additional 39,112 shares during the period. Hyperion Asset Management Ltd increased its position in shares of Block by 6.9% in the second quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company’s stock worth $203,897,000 after acquiring an additional 172,848 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Block by 1.0% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,624,534 shares of the technology company’s stock worth $157,944,000 after acquiring an additional 25,067 shares in the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.
About Block
Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.
Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.
For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.
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