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, July 17th. The shares were sold at an average price of $79.13, for a total transaction of $474,780.00. Following the transaction, the director owned 1,679,672 shares in the company, valued at approximately $132,912,445.36. This trade represents a 0.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, July 20th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.90, for a total transaction of $473,400.00.
- On Monday, July 13th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.35, for a total transaction of $470,100.00.
- On Friday, July 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.91, for a total transaction of $473,460.00.
- On Wednesday, July 8th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.66, for a total transaction 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 transaction of $472,620.00.
- On Thursday, July 2nd, Anthony Mathew Eisen sold 36,000 shares of Block stock. The shares were sold at an average price of $79.83, for a total transaction 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 transaction of $458,400.00.
- On Monday, June 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were 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 value of $448,800.00.
- On Wednesday, June 24th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.01, for a total value of $444,060.00.
Block Stock Performance
Shares of XYZ opened at $82.98 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a 50-day moving average of $74.93 and a two-hundred day moving average of $67.22. The stock has a market cap of $49.39 billion, a P/E ratio of 64.83, a P/E/G ratio of 1.02 and a beta of 2.54. Block, Inc. has a one year low of $48.21 and a one year high of $84.08.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on XYZ. The Goldman Sachs Group upgraded shares of Block from a “buy” rating to a “buy” rating in a report on Tuesday, June 30th. Morgan Stanley lifted their price objective on shares of Block from $96.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Oppenheimer lowered shares of Block from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Wall Street Zen raised shares of Block from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, William Blair downgraded shares of Block to a “market perform” rating in a research report on Tuesday, June 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.84.
Get Our Latest Analysis on Block
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Sound Income Strategies LLC grew its stake 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 period. Elevation Wealth Partners LLC lifted its stake in shares of Block by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after purchasing an additional 292 shares during the period. Global Assets Advisory LLC purchased a new stake in Block during the first quarter worth $31,000. Rachor Investment Advisory Services LLC purchased a new stake in Block during the fourth quarter worth $32,000. Finally, Cary Street Partners Investment Advisory LLC grew its position in Block by 57.6% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after buying an additional 223 shares during the period. 70.44% of the stock is owned by institutional investors and hedge funds.
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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