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 Friday, July 10th. The shares were sold at an average price of $78.91, for a total transaction of $473,460.00. Following the transaction, the director owned 1,844,672 shares of the company’s stock, valued at approximately $145,563,067.52. This represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, July 13th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.35, for a total value of $470,100.00.
- On Wednesday, July 8th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.66, for a total value of $459,960.00.
- On Monday, July 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.77, for a total value of $472,620.00.
- On Thursday, July 2nd, Anthony Mathew Eisen sold 36,000 shares of Block stock. The stock was sold at an average price of $79.83, for a total value of $2,873,880.00.
- On Wednesday, July 1st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.40, for a total value of $458,400.00.
- On Monday, June 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.93, for a total value of $473,580.00.
- On Friday, June 26th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.80, for a total transaction of $448,800.00.
- On Wednesday, June 24th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.01, for a total transaction of $444,060.00.
- On Monday, June 22nd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.28, for a total transaction of $445,680.00.
- On Wednesday, June 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.10, for a total transaction of $444,600.00.
Block Price Performance
XYZ stock opened at $78.76 on Tuesday. The company has a 50 day simple moving average of $73.04 and a 200 day simple moving average of $66.22. The stock has a market cap of $46.88 billion, a price-to-earnings ratio of 61.53, a P/E/G ratio of 0.98 and a beta of 2.54. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $82.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99.
Hedge Funds Weigh In On Block
Hedge funds have recently modified their holdings of the business. Baird Financial Group Inc. bought a new position in Block during the 2nd quarter worth $1,866,000. Brown Advisory Inc. acquired a new position in Block during the 2nd quarter worth about $516,000. Jump Financial LLC bought a new stake in shares of Block in the 2nd quarter valued at about $385,000. Federated Hermes Inc. bought a new stake in shares of Block in the 2nd quarter valued at about $53,000. Finally, Cerity Partners LLC bought a new position in shares of Block in the 2nd quarter worth about $1,861,000. Institutional investors and hedge funds own 70.44% of the company’s stock.
Analyst Upgrades and Downgrades
XYZ has been the subject of a number of research reports. Truist Financial increased their price target on Block from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Robert W. Baird boosted their price objective on Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. BMO Capital Markets began coverage on Block in a report on Tuesday, June 30th. They issued an “outperform” rating for the company. Loop Capital assumed coverage on Block in a research report on Tuesday, March 31st. They issued a “buy” rating and a $75.00 target price for the company. Finally, Wall Street Zen raised Block from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $87.91.
Check Out Our Latest Analysis on XYZ
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.
Further Reading
- Five stocks we like better than Block
- The SK Hynix IPO and 2027’s AI Memory Squeeze
- Meta Platforms Stock Rises as Muse Spark 1.1 AI Model Debuts
- Why Welltower’s Growth Story Might Outrun Its Rich Valuation
- One Short- and One Long-Term ETF for Quantum Computing Bulls
Receive News & Ratings for Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Block and related companies with MarketBeat.com's FREE daily email newsletter.
