Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Eisen sold 6,000 shares of the stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $77.84, for a total value of $467,040.00. Following the completion of the transaction, the director directly owned 1,230,672 shares of the company’s stock, valued at $95,795,508.48. This represents a 0.49% decrease in their position. 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, October 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.44, for a total value of $446,640.00.
- On Monday, October 26th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.76, for a total value of $454,560.00.
- 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 transaction 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 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 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.
Block Trading Up 2.3%
NYSE XYZ opened at $76.96 on Friday. Block, Inc. has a 12 month low of $48.21 and a 12 month 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 company has a market capitalization of $46.24 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 0.79 and a beta of 2.55. The company’s fifty day moving average price is $78.08 and its two-hundred day moving average price is $71.05.
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, topping the consensus estimate of $0.48 by $0.54. The company 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 revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 earnings per share. 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, research analysts predict that Block, Inc. will post 2.75 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts recently commented on XYZ shares. Wolfe Research lifted their price target on Block from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. BTIG Research restated a “buy” rating and set a $100.00 price objective on shares of Block in a research note on Wednesday. Needham & Company LLC increased their target price on Block from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Research lowered Block from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Finally, Argus boosted their price target on Block from $86.00 to $103.00 and gave the company a “buy” rating in a report on Friday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.61.
Get Our Latest Research Report on XYZ
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. NovaPoint Capital LLC boosted its stake in Block by 3.9% in the third quarter. NovaPoint Capital LLC now owns 3,630 shares of the technology company’s stock valued at $267,000 after acquiring an additional 137 shares during the period. Raiffeisen Bank International AG grew its holdings in shares of Block by 0.3% during the second quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company’s stock valued at $3,503,000 after purchasing an additional 148 shares during the last quarter. Ashton Thomas Securities LLC raised its position in shares of Block by 2.8% during the 3rd quarter. Ashton Thomas Securities LLC now owns 5,885 shares of the technology company’s stock worth $433,000 after purchasing an additional 160 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of Block by 1.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,888 shares of the technology company’s stock worth $874,000 after purchasing an additional 175 shares during the period. Finally, Avior Wealth Management LLC raised its position in shares of Block by 3.3% during the 2nd quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company’s stock worth $462,000 after purchasing an additional 193 shares during the period. 70.44% of the stock is owned by institutional investors and hedge funds.
Block Company Profile
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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