Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $69.78, for a total transaction of $418,680.00. Following the completion of the sale, the director directly owned 1,978,990 shares of the company’s stock, valued at $138,093,922.20. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 15th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $72.26, for a total transaction of $433,560.00.
- On Wednesday, June 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $66.64, for a total transaction of $399,840.00.
- 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 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 transaction 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 transaction of $10,426,957.50.
Block Price Performance
Shares of NYSE XYZ opened at $72.82 on Thursday. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $82.50. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $43.34 billion, a price-to-earnings ratio of 56.89, a PEG ratio of 0.97 and a beta of 2.56. The firm has a 50-day moving average of $70.03 and a two-hundred day moving average of $64.56.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on XYZ. Raymond James Financial raised shares of Block to a “moderate buy” rating in a report on Friday, February 27th. Oppenheimer reaffirmed an “outperform” rating and set a $91.00 price objective on shares of Block in a research note on Friday, May 8th. Arete Research raised shares of Block from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Citigroup upped their price objective on shares of Block from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Weiss Ratings raised shares of Block from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Four research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.42.
Read Our Latest Stock Analysis on Block
Institutional Trading of Block
Hedge funds have recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC purchased a new stake in Block during the third quarter valued at about $28,000. Sound Income Strategies LLC lifted its position in shares of Block by 57.1% in the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after purchasing an additional 161 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Block in the first quarter worth approximately $31,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of Block during the fourth quarter worth approximately $32,000. Finally, Rothschild Investment LLC boosted its holdings in shares of 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 purchasing an additional 185 shares during the period. 70.44% of the stock is owned by hedge funds and other institutional investors.
About Block
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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