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 price of $80.04, generating $480,240. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 0.40% to 1,494,672 shares.
• Eisen has made several additional Block sales since July 31, including a 41,000-share sale on August 5, indicating a sustained pattern of insider selling.
• Block shares recently traded near $81.38, while the company reported quarterly EPS of $1.02 versus analyst expectations of $0.48. Analysts maintain a consensus “Moderate Buy” rating 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 firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $80.04, for a total value of $480,240.00. Following the completion of the transaction, the director owned 1,494,672 shares of the company's stock, valued at approximately $119,633,546.88. The trade was a 0.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Monday, August 24th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.48, for a total transaction of $488,880.00.
• On Wednesday, August 19th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.55, for a total transaction of $477,300.00.
• On Monday, August 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.63, for a total value of $489,780.00.
• 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 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 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 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 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.

Block Stock Performance

NYSE XYZ traded down $0.79 during trading hours on Monday, hitting $81.38. 4,068,129 shares of the company's stock traded hands, compared to its average volume of 4,955,299. 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 firm has a market capitalization of $48.89 billion, a P/E ratio of 145.31, a P/E/G ratio of 0.92 and a beta of 2.53. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.75. The business's fifty day moving average price is $78.89 and its two-hundred day moving average price is $69.40.

Block (NYSE:XYZ - Get Free Report) last announced its 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. Block had a return on equity of 8.10% and a net margin of 1.43%.The company had revenue of $6.62 billion for the quarter. During the same period in the prior year, the business posted $0.62 earnings per share. Block's revenue for the quarter was up 9.3% compared to the same quarter last year. 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 research analysts predict that Block, Inc. will post 2.69 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in XYZ. Elevation Wealth Partners LLC boosted its position in Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company's stock valued at $30,000 after buying an additional 292 shares during the last quarter. Rachor Investment Advisory Services LLC acquired a new stake in Block during the fourth quarter valued at $32,000. Global Assets Advisory LLC purchased a new position in shares of Block in the 1st quarter valued at about $31,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Block by 57.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company's stock valued at $40,000 after buying an additional 223 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Block during the second quarter worth $43,000. Hedge funds and other institutional investors own 70.44% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on XYZ. Royal Bank Of Canada boosted their price target on shares of Block from $93.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. Barclays initiated coverage on shares of Block in a research report on Tuesday, July 7th. They issued an "overweight" rating and a $100.00 price objective on the stock. Truist Financial lifted their price objective on shares of Block from $82.00 to $93.00 and gave the company a "buy" rating in a report on Friday, July 24th. Canaccord Genuity Group raised their price objective on Block from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Finally, Needham & Company LLC boosted their price target on shares of Block from $95.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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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