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

Key Points

• Block director Anthony Mathew Eisen sold 6,000 shares at an average price of $78.62, generating $471,720. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 1,536,672 shares.
• Eisen has made a series of recent sales, including 41,000 shares on August 5 and multiple 6,000-share transactions, indicating continued insider selling activity.
• Block’s shares recently traded at $82.73, while the company reported quarterly earnings of $1.02 per share—well above the $0.48 consensus estimate—and revenue of $6.62 billion, up 9.3% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.23.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was 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 approximately $120,813,152.64. This represents a 0.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 shares were sold at an average price of $82.87, for a total transaction 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 value 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 shares were 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 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 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 stock was sold at an average price of $79.13, for a total transaction of $474,780.00.

Block Trading Down 0.4%

XYZ traded down $0.36 on Friday, reaching $82.73. 4,281,346 shares of the company's stock were exchanged, compared to its average volume of 6,759,068. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.75. The company's 50 day moving average is $77.28 and its 200-day moving average is $68.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market cap of $49.24 billion, a price-to-earnings ratio of 147.73, a PEG ratio of 0.94 and a beta of 2.53.

Block (NYSE:XYZ - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm had revenue of $6.62 billion for the quarter. During the same period last year, the firm 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 analysts predict that Block, Inc. will post 2.5 earnings per share for the current year.

Institutional Investors Weigh In On Block

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC lifted its holdings in Block by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company's stock worth $30,000 after buying an additional 292 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Block during the first quarter valued at about $31,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of Block during the fourth quarter worth about $32,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Block by 57.6% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company's stock worth $40,000 after acquiring an additional 223 shares during the last quarter. Finally, Osbon Capital Management LLC acquired a new position in shares of Block in the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 70.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Zacks Research cut shares of Block from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 30th. Barclays began coverage on Block in a research report on Tuesday, July 7th. They issued an "overweight" rating and a $100.00 price objective on the stock. Cantor Fitzgerald restated an "overweight" rating and set a $95.00 price objective on shares of Block in a research note on Thursday, August 6th. Citigroup upped their target price on Block from $100.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 16th. Finally, Jefferies Financial Group initiated coverage on Block in a research note on Tuesday, June 30th. They issued a "hold" rating for the company. Three 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 data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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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