Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $81.63, for a total value of $489,780.00. Following the completion of the transaction, the director owned 1,518,672 shares in the company, valued at $123,969,195.36. The trade was a 0.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 Wednesday, August 19th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.55, for a total transaction of $477,300.00.
- On Friday, August 14th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.87, for a total transaction of $497,220.00.
- On Wednesday, August 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.62, for a total transaction of $471,720.00.
- 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 shares were 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.
Block Price Performance
XYZ stock opened at $82.15 on Friday. 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 business has a 50 day simple moving average of $78.74 and a 200-day simple moving average of $69.16. The firm has a market capitalization of $49.35 billion, a PE ratio of 146.70, a price-to-earnings-growth ratio of 0.90 and a beta of 2.53. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.75.
Institutional Investors Weigh In On Block
A number of institutional investors and hedge funds have recently added to or reduced their stakes in XYZ. Allstate Corp boosted its position in shares of Block by 91.9% during the 4th quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock worth $2,557,000 after purchasing an additional 18,812 shares during the period. National Pension Service increased its holdings 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 purchasing an additional 64,674 shares during the last quarter. Hsbc Holdings PLC raised its position in Block by 7.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock valued at $79,749,000 after purchasing an additional 82,446 shares during the period. Mawer Investment Management Ltd. purchased a new stake in Block in the fourth quarter valued at approximately $3,062,000. Finally, Osborne Partners Capital Management LLC lifted its stake in Block by 11.0% during the fourth quarter. Osborne Partners Capital Management LLC now owns 230,146 shares of the technology company’s stock worth $14,980,000 after purchasing an additional 22,868 shares in the last quarter. Hedge funds and other institutional investors own 70.44% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on XYZ shares. Canaccord Genuity Group lifted their price target on Block from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Susquehanna upped their price objective on shares of Block from $90.00 to $100.00 and gave the company a “positive” rating in a report on Thursday, August 6th. Weiss Ratings raised shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Craig Hallum began coverage on shares of Block in a research report on Tuesday, June 30th. They set a “buy” rating for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Block in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Block has an average rating of “Moderate Buy” and an average price target of $95.23.
View Our Latest Report on Block
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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