Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $68.22, for a total value of $409,320.00. Following the completion of the transaction, the director owned 2,002,990 shares of the company’s stock, valued at $136,643,977.80. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 Thursday, June 4th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $70.84, for a total value of $425,040.00.
- 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 value of $10,426,957.50.
Block Trading Down 2.4%
NYSE XYZ opened at $66.67 on Thursday. The stock has a market capitalization of $39.68 billion, a price-to-earnings ratio of 52.08, a PEG ratio of 0.88 and a beta of 2.56. The stock’s 50 day moving average price is $68.82 and its two-hundred day moving average price is $64.26. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $82.50.
Analyst Ratings Changes
Several research firms have commented on XYZ. HSBC upgraded Block from a “hold” rating to a “buy” rating and boosted their target price for the company from $70.00 to $77.00 in a research note on Tuesday, March 3rd. Wall Street Zen upgraded Block from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Rothschild & Co Redburn upgraded Block from a “sell” rating to a “neutral” rating and boosted their target price for the company from $45.00 to $55.00 in a research note on Wednesday, March 18th. Weiss Ratings upgraded Block from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Finally, Arete Research upgraded Block from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.42.
Get Our Latest Stock Report on XYZ
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC increased its position in shares of Block by 57.1% during the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after purchasing an additional 161 shares during the last quarter. Jones Financial Companies Lllp increased its position in Block by 0.8% during the third quarter. Jones Financial Companies Lllp now owns 21,183 shares of the technology company’s stock worth $1,561,000 after buying an additional 167 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Block by 33.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock worth $46,000 after buying an additional 179 shares during the last quarter. Rothschild Investment LLC increased its position in Block by 59.7% during the third quarter. Rothschild Investment LLC now owns 495 shares of the technology company’s stock worth $36,000 after buying an additional 185 shares during the last quarter. Finally, Legacy Financial Advisors Inc. increased its position in Block by 4.9% during the third quarter. Legacy Financial Advisors Inc. now owns 3,938 shares of the technology company’s stock worth $285,000 after buying an additional 185 shares during the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.
Block Company Profile
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.
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