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 $76.55, generating $459,300. The transaction was made under a pre-arranged Rule 10b5-1 plan, leaving him with 1,380,672 shares.
• Eisen has conducted a series of 6,000-share sales since late August, with prices ranging from $77.30 to $85.12, indicating a repeated reduction in his Block holdings.
• Block shares fell 0.3% to $76.26, while analysts maintained a generally positive outlook: the stock carries a “Moderate Buy” consensus rating and an average price target of $95.42.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $76.55, for a total transaction of $459,300.00. Following the completion of the transaction, the director directly owned 1,380,672 shares of the company's stock, valued at approximately $105,690,441.60. The trade was a 0.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.36, for a total transaction of $470,160.00.
• On Monday, September 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.96, for a total transaction of $473,760.00.
• On Thursday, September 10th, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 stock was sold at an average price of $82.51, for a total value 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 shares were 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 shares were sold at an average price of $85.12, for a total value of $510,720.00.
• On Wednesday, August 26th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.00, for a total value 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.

Block Trading Down 0.3%

NYSE XYZ traded down $0.21 during trading hours on Friday, reaching $76.26. The company's stock had a trading volume of 5,969,650 shares, compared to its average volume of 6,384,224. The firm has a fifty day simple moving average of $80.61 and a 200-day simple moving average of $72.84. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.92. The stock has a market cap of $45.82 billion, a P/E ratio of 136.18, a P/E/G ratio of 0.80 and a beta of 2.52.

Block (NYSE:XYZ - Get Free Report) last posted its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.54. The firm had revenue of $6.62 billion for the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The company's revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. Equities analysts forecast that Block, Inc. will post 2.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on XYZ shares. Rosenblatt Securities set a $100.00 target price on Block in a research report on Tuesday, June 30th. Royal Bank Of Canada upped their price target on Block from $93.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Canaccord Genuity Group increased their price target on Block from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Barclays assumed coverage on Block in a research report on Tuesday, July 7th. They set an "overweight" rating and a $100.00 price objective for the company. Finally, William Blair cut Block to a "market perform" rating in a report on Tuesday, June 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, Block has an average rating of "Moderate Buy" and an average price target of $95.42.

Institutional Trading of Block

A number of large investors have recently bought and sold shares of the business. Elevation Wealth Partners LLC boosted its position in shares of Block by 301.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company's stock valued at $30,000 after purchasing an additional 292 shares in the last quarter. Global Assets Advisory LLC bought a new stake in Block in the first quarter worth approximately $31,000. Cary Street Partners Investment Advisory LLC increased its holdings in Block by 57.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company's stock worth $40,000 after purchasing an additional 223 shares in the last quarter. Osbon Capital Management LLC acquired a new position in Block in the fourth quarter valued at approximately $43,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Block by 33.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company's stock valued at $46,000 after buying an additional 179 shares during the period. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Block Company Profile

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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