Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $81.52, for a total transaction of $489,120.00. Following the transaction, the director owned 1,613,672 shares in the company, valued at $131,546,541.44. This represents a 0.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Friday, July 31st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.27, for a total value of $493,620.00.
- On Wednesday, July 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.22, for a total value of $493,320.00.
- On Monday, July 27th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.88, for a total value of $473,280.00.
- On Monday, July 20th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.90, for a total value of $473,400.00.
- On Friday, July 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.13, for a total value of $474,780.00.
- 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 value 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 value of $473,460.00.
- 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 shares were 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.
Block Price Performance
Shares of Block stock opened at $84.64 on Wednesday. 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’s 50-day moving average price is $76.29 and its two-hundred day moving average price is $67.72. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $84.81. The stock has a market cap of $50.38 billion, a PE ratio of 66.13, a price-to-earnings-growth ratio of 1.03 and a beta of 2.53.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Baird Financial Group Inc. acquired a new stake in shares of Block during the second quarter valued at approximately $1,866,000. Brown Advisory Inc. acquired a new position in Block in the 2nd quarter worth approximately $516,000. Jump Financial LLC purchased a new position in Block during the 2nd quarter worth approximately $385,000. Federated Hermes Inc. purchased a new position in Block during the 2nd quarter worth approximately $53,000. Finally, Cerity Partners LLC acquired a new stake in Block during the 2nd quarter valued at $1,861,000. 70.44% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Citigroup raised their target price on shares of Block from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. BTIG Research reaffirmed a “buy” rating and issued a $90.00 price target on shares of Block in a report on Monday, July 27th. KeyCorp increased their price objective on Block from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Robert W. Baird raised their price objective on Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, July 2nd. Finally, The Goldman Sachs Group upgraded Block from a “buy” rating to a “buy” rating in a report on Tuesday, June 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.40.
Get Our Latest Stock Report on XYZ
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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