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

Key Points

• Block director Anthony Eisen sold 6,000 shares at an average price of $78.96, generating $473,760. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan, leaving him with 1,404,672 shares.
• Eisen has made a series of identical 6,000-share sales since August 19, totaling 66,000 shares across the disclosed transactions.
• Block shares recently traded at $78.36, while analysts maintain a “Moderate Buy” consensus with an average price target of $95.42. The company most recently beat quarterly earnings expectations, reporting $1.02 in EPS and $6.62 billion in revenue.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the firm's stock in a transaction on Monday, September 14th. The shares were sold at an average price of $78.96, for a total transaction of $473,760.00. Following the completion of the transaction, the director directly owned 1,404,672 shares in the company, valued at $110,912,901.12. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 Thursday, September 10th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.39, for a total value of $470,340.00.
• On Tuesday, September 8th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.18, for a total value of $493,080.00.
• On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.51, for a total transaction of $495,060.00.
• On Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.30, for a total value of $463,800.00.
• On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.58, for a total value of $495,480.00.
• On Friday, August 28th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $85.12, for a total transaction of $510,720.00.
• On Wednesday, August 26th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.00, for a total transaction of $492,000.00.
• On Monday, August 24th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.48, for a total value of $488,880.00.
• On Friday, August 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $80.04, for a total value of $480,240.00.
• On Wednesday, August 19th, Anthony 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.

Block Stock Performance

XYZ traded down $1.13 on Tuesday, hitting $78.36. The company's stock had a trading volume of 3,541,541 shares, compared to its average volume of 6,419,226. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $86.92. The firm has a market cap of $47.08 billion, a P/E ratio of 139.93, a price-to-earnings-growth ratio of 0.83 and a beta of 2.52. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The company's 50 day simple moving average is $80.60 and its 200-day simple moving average is $72.41.

Block (NYSE:XYZ - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The company had revenue of $6.62 billion during the quarter. During the same period in the prior year, the firm posted $0.62 EPS. Block's 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. Analysts forecast that Block, Inc. will post 2.74 EPS for the current year.

Institutional Investors Weigh In On Block

A number of large investors have recently made changes to their positions in the business. Allstate Corp raised its stake in Block by 91.9% in the fourth quarter. Allstate Corp now owns 39,281 shares of the technology company's stock worth $2,557,000 after buying an additional 18,812 shares in the last quarter. National Pension Service boosted its position in Block by 8.4% during 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 in the last quarter. Hsbc Holdings PLC boosted its position in Block by 7.2% during 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 in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Block during the 2nd quarter worth approximately $366,000. Finally, Mawer Investment Management Ltd. purchased a new position in shares of Block during the 4th quarter worth approximately $3,062,000. 70.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Zacks Research lowered shares of Block from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 30th. Weiss Ratings upgraded shares of Block from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. BMO Capital Markets increased their target price on Block from $78.00 to $85.00 and gave the company a "market perform" rating in a research note on Wednesday, July 22nd. Robert W. Baird set a $105.00 price target on Block in a research report on Thursday, August 6th. Finally, Oppenheimer restated an "outperform" rating and set a $97.00 price target on shares of Block in a research report on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.42.

About Block

Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.

Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.

Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.

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