Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Eisen sold 6,000 shares of the stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $74.44, for a total transaction of $446,640.00. Following the completion of the transaction, the director owned 1,212,672 shares of the company’s stock, valued at approximately $90,271,303.68. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a 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 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 transaction of $454,560.00.
- On Friday, October 23rd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.84, for a total transaction 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 transaction of $474,420.00.
- On Monday, October 19th, Anthony Eisen sold 6,000 shares of Block stock. The stock was 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 stock was 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 shares were 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 shares were 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 value 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 value 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.
Block Stock Performance
Shares of XYZ stock opened at $76.36 on Friday. Block, Inc. has a one year low of $48.21 and a one year high of $86.92. The company’s 50-day moving average is $78.00 and its 200 day moving average is $71.08. The company has a market capitalization of $45.88 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 0.80 and a beta of 2.55. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21.
Block (NYSE:XYZ – Get Free Report) last issued its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $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. Sell-side analysts expect that Block, Inc. will post 2.75 EPS for the current fiscal year.
Institutional Investors Weigh In On Block
Several hedge funds and other institutional investors have recently modified their holdings of XYZ. BlackRock Inc. bought a new stake in shares of Block during the 2nd quarter valued at $621,703,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Block by 528.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock valued at $199,153,000 after buying an additional 2,782,523 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Block by 18.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,194,419 shares of the technology company’s stock worth $234,886,000 after buying an additional 494,083 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Block by 1.3% in the 1st 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. Finally, Hyperion Asset Management Ltd boosted its holdings in Block by 6.9% in the 2nd quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company’s stock worth $203,897,000 after buying an additional 172,848 shares during the period. 70.44% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
XYZ has been the subject of several recent analyst reports. Citigroup boosted their price target on Block from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Robert W. Baird lifted their price objective on Block from $105.00 to $106.00 and gave the stock an “outperform” rating in a report on Friday, October 2nd. Argus boosted their target price on Block from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Weiss Ratings raised shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Finally, Morgan Stanley cut shares of Block from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $90.00 to $80.00 in a report on Monday, October 26th. Three 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’s stock. According to data from MarketBeat.com, Block has an average rating of “Moderate Buy” and a consensus price target of $95.61.
View Our Latest Research Report on XYZ
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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