Anthony Mathew Eisen Sells 6,000 Shares of Block (NYSE:XYZ) Stock

Key Points

• Block director Anthony Mathew Eisen sold 6,000 shares at an average price of $81.63, generating $489,780. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 0.39%.
• Eisen has made multiple additional sales in recent weeks, including 41,000 shares on August 5 and repeated 6,000-share transactions, while retaining 1,518,672 Block shares valued at approximately $124 million.
• Block shares recently traded at $80.89, near their 52-week high of $86.75. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.23, following quarterly earnings that exceeded expectations.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of Block stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $81.63, for a total transaction of $489,780.00. Following the sale, the director owned 1,518,672 shares of the company's stock, valued at approximately $123,969,195.36. The trade was a 0.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 stock was 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 shares were 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 shares were 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 value of $498,420.00.
• On Wednesday, August 5th, Anthony Mathew Eisen sold 41,000 shares of Block stock. The stock was sold at an average price of $85.85, for a total value 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 value 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 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 stock was sold at an average price of $78.88, for a total value of $473,280.00.

Block Stock Performance

XYZ stock traded up $1.46 during trading on Wednesday, hitting $80.89. 3,395,119 shares of the company traded hands, compared to its average volume of 6,694,947. The stock's 50-day simple moving average is $77.99 and its 200 day simple moving average is $68.80. 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 company has a market cap of $48.60 billion, a PE ratio of 144.45, a P/E/G ratio of 0.93 and a beta of 2.53. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.75.

Block (NYSE:XYZ - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.48 by $0.54. The business had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 EPS. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. On average, equities analysts expect that Block, Inc. will post 2.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in XYZ. BlackRock Inc. purchased a new stake in shares of Block during the second quarter worth $621,703,000. Capital World Investors lifted its stake in shares of Block by 41.8% in the fourth quarter. Capital World Investors now owns 16,023,441 shares of the technology company's stock worth $1,042,966,000 after buying an additional 4,727,217 shares in the last quarter. Geode Capital Management LLC boosted its position in Block by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company's stock worth $934,121,000 after acquiring an additional 67,560 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in Block during the second quarter worth about $535,305,000. Finally, Norges Bank purchased a new stake in Block during the 4th quarter valued at about $484,387,000. 70.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XYZ. BTIG Research raised their price target on shares of Block from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. BMO Capital Markets increased their target price on shares of Block from $78.00 to $85.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 22nd. Craig Hallum assumed coverage on Block in a research note on Tuesday, June 30th. They issued a "buy" rating for the company. Royal Bank Of Canada boosted their price objective on Block from $93.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group raised shares of Block from a "buy" rating to a "buy" rating in a report on Tuesday, June 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $95.23.

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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