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

Key Points

• Block director Anthony Mathew Eisen sold 6,000 shares at an average $82.87, generating $497,220; the Rule 10b5-1 transaction reduced his direct ownership by 0.39% to 1,524,672 shares. He has made multiple additional sales in recent weeks, including 41,000 shares on August 5.
• Block shares closed at $82.73, near their 52-week high of $86.75, with the stock up notably above its 50-day and 200-day moving averages. The company recently reported $1.02 in quarterly EPS, beating consensus by $0.54, while revenue rose 9.3% year over year to $6.62 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $95.23, while institutional investors own 70.44% of Block’s stock and several firms initiated positions during the second quarter.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of Block stock in a transaction on Friday, August 14th. The stock was sold at an average price of $82.87, for a total transaction of $497,220.00. Following the transaction, the director directly owned 1,524,672 shares in the company, valued at $126,349,568.64. This represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 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 shares were 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 stock was 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 stock was 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 shares were 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 transaction of $473,280.00.
• 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 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.

Block Stock Performance

Shares of XYZ stock traded down $0.36 during trading on Friday, hitting $82.73. The company's stock had a trading volume of 4,281,346 shares, compared to its average volume of 6,759,068. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The company has a market cap of $49.24 billion, a PE ratio of 147.73, a P/E/G ratio of 0.94 and a beta of 2.53. The business has a fifty day moving average of $77.28 and a 200-day moving average of $68.47. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.75.

Block (NYSE:XYZ - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping analysts' consensus estimates 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 business's revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 earnings per share. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, research analysts anticipate that Block, Inc. will post 2.5 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in XYZ. Baird Financial Group Inc. bought a new stake in Block in the 2nd quarter valued at about $1,866,000. Brown Advisory Inc. bought a new position in Block during the second quarter worth about $516,000. Jump Financial LLC purchased a new position in shares of Block in the second quarter worth about $385,000. Federated Hermes Inc. purchased a new position in shares of Block in the second quarter worth about $53,000. Finally, Cerity Partners LLC bought a new stake in shares of Block in the second quarter valued at approximately $1,861,000. Institutional investors own 70.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on XYZ shares. Canaccord Genuity Group boosted their price target on shares of Block from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday. Clear Str upgraded shares of Block to a "hold" rating in a report on Thursday, July 16th. The Goldman Sachs Group raised shares of Block from a "buy" rating to a "buy" rating in a research report on Tuesday, June 30th. Zacks Research cut shares of Block from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 30th. Finally, Barclays began coverage on shares of Block in a research report on Tuesday, July 7th. They set an "overweight" rating and a $100.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.23.

About Block

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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