Insider Selling: Block (NYSE:XYZ) Director Sells $471,720.00 in Stock

Block, Inc. (NYSE:XYZGet Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $78.62, for a total transaction of $471,720.00. Following the transaction, the director directly owned 1,536,672 shares in the company, valued at $120,813,152.64. This trade represents a 0.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 Friday, August 14th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.87, for a total value of $497,220.00.
  • On Monday, August 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.47, for a total transaction of $470,820.00.
  • On Thursday, August 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $83.07, for a total transaction of $498,420.00.
  • On Wednesday, August 5th, Anthony Mathew Eisen sold 41,000 shares of Block stock. The shares were sold at an average price of $85.85, for a total transaction of $3,519,850.00.
  • On Monday, August 3rd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.52, for a total transaction of $489,120.00.
  • 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 transaction 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 transaction of $493,320.00.
  • On Monday, July 27th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was 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 stock was sold at an average price of $79.13, for a total value of $474,780.00.

Block Stock Down 0.2%

Block stock opened at $82.73 on Monday. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.75. The business has a fifty day moving average price of $77.57 and a 200-day moving average price of $68.59. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a market capitalization of $49.70 billion, a price-to-earnings ratio of 147.73, a PEG ratio of 0.93 and a beta of 2.53.

Block (NYSE:XYZGet Free Report) last announced its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The company had revenue of $6.62 billion for the quarter. During the same period in the prior year, the company earned $0.62 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Equities research analysts forecast that Block, Inc. will post 2.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on XYZ. William Blair lowered shares of Block to a “market perform” rating in a research report on Tuesday, June 30th. Jefferies Financial Group initiated coverage on shares of Block in a research report on Tuesday, June 30th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Block to a “buy” rating in a research note on Tuesday, June 30th. Weiss Ratings upgraded shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Finally, UBS Group boosted their price objective on shares of Block from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Block currently has a consensus rating of “Moderate Buy” and an average price target of $95.23.

View Our Latest Report on XYZ

Institutional Investors Weigh In On Block

A number of large investors have recently bought and sold shares of the company. Allstate Corp increased its position in shares of Block by 91.9% in the fourth quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock valued at $2,557,000 after buying an additional 18,812 shares in the last quarter. Moran Wealth Management LLC lifted its position in shares of Block by 37.3% during the 4th quarter. Moran Wealth Management LLC now owns 57,651 shares of the technology company’s stock valued at $3,753,000 after buying an additional 15,670 shares in the last quarter. National Pension Service grew its stake in Block by 8.4% in the 4th quarter. National Pension Service now owns 833,124 shares of the technology company’s stock valued at $54,228,000 after acquiring an additional 64,674 shares during the period. Hsbc Holdings PLC grew its stake in Block by 7.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock valued at $79,749,000 after acquiring an additional 82,446 shares during the period. Finally, Mawer Investment Management Ltd. purchased a new stake in Block in the 4th quarter worth $3,062,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Block Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Block (NYSE:XYZ)

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