Anthony Mathew Eisen Sells 6,000 Shares of Block (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZGet Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $70.84, for a total transaction of $425,040.00. Following the completion of the transaction, the director directly owned 2,014,990 shares of the company’s stock, valued at approximately $142,741,891.60. The trade was a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Monday, June 8th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $68.22, for a total transaction of $409,320.00.
  • On Monday, June 1st, Anthony Mathew Eisen sold 135,750 shares of Block stock. The shares were sold at an average price of $76.81, for a total transaction of $10,426,957.50.

Block Trading Down 2.2%

XYZ stock opened at $68.35 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $82.50. The stock has a market capitalization of $40.68 billion, a price-to-earnings ratio of 53.40, a price-to-earnings-growth ratio of 0.91 and a beta of 2.56. The firm’s fifty day simple moving average is $68.62 and its two-hundred day simple moving average is $64.22.

Block (NYSE:XYZGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The business had revenue of $6.06 billion for the quarter. During the same quarter last year, the firm earned $0.56 EPS. The company’s revenue was up 4.9% on a year-over-year basis. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. As a group, analysts anticipate that Block, Inc. will post 2.42 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Cibc World Market Inc. grew its holdings in shares of Block by 24.0% in the third quarter. Cibc World Market Inc. now owns 179,271 shares of the technology company’s stock worth $12,956,000 after purchasing an additional 34,678 shares during the last quarter. New York Life Investment Management LLC bought a new position in shares of Block in the third quarter worth about $5,400,000. Inceptionr LLC lifted its stake in Block by 455.1% in the third quarter. Inceptionr LLC now owns 19,480 shares of the technology company’s stock worth $1,408,000 after acquiring an additional 15,971 shares during the period. Vanguard Group Inc. lifted its stake in Block by 23.1% in the third quarter. Vanguard Group Inc. now owns 67,626,485 shares of the technology company’s stock worth $4,887,366,000 after acquiring an additional 12,709,824 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Block by 145.9% in the third quarter. PNC Financial Services Group Inc. now owns 55,396 shares of the technology company’s stock worth $4,003,000 after acquiring an additional 32,865 shares during the period. 70.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on XYZ. Arete Research upgraded shares of Block from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Piper Sandler boosted their price objective on shares of Block from $51.00 to $58.00 and gave the company an “underweight” rating in a research report on Friday, May 8th. BMO Capital Markets began coverage on shares of Block in a research report on Tuesday, April 21st. They set a “market perform” rating and a $74.00 price objective on the stock. Wall Street Zen upgraded shares of Block from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Citigroup boosted their price objective on shares of Block from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Block currently has an average rating of “Moderate Buy” and an average price target of $85.42.

Get Our Latest Stock Analysis on XYZ

About Block

(Get Free Report)

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.

Further Reading

Insider Buying and Selling by Quarter for Block (NYSE:XYZ)

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