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

Key Points

• Block Director Anthony Eisen sold 6,000 shares at an average price of $77.30, generating $463,800. The transaction was made under a pre-arranged Rule 10b5-1 trading plan and reduced his holdings by 0.41% to 1.45 million shares.
• Eisen has made a series of similar sales, selling 6,000 shares on each of 10 additional dates from August 12 through September 4, with transaction values ranging from roughly $472,000 to $510,720.
• Block shares recently traded at $82.83, near their 52-week high of $86.92. Analysts maintain a “Moderate Buy” consensus, with an average price target of $95.42, while the company reported quarterly EPS of $1.02 versus the $0.48 consensus estimate.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $77.30, for a total transaction of $463,800.00. Following the sale, the director owned 1,446,672 shares of the company's stock, valued at $111,827,745.60. The trade was a 0.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 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 value of $495,060.00.
• 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 stock was 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 stock was 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 shares were 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 shares were sold at an average price of $79.55, for a total value of $477,300.00.
• On Monday, August 17th, Anthony 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 Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.87, for a total value of $497,220.00.
• On Wednesday, August 12th, Anthony 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.

Block Trading Down 0.6%

Shares of XYZ traded down $0.54 during midday trading on Friday, hitting $82.83. The stock had a trading volume of 2,456,441 shares, compared to its average volume of 6,528,855. The business has a 50-day simple moving average of $80.25 and a two-hundred day simple moving average of $70.99. The firm has a market cap of $49.76 billion, a P/E ratio of 147.91, a price-to-earnings-growth ratio of 0.87 and a beta of 2.52. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $86.92.

Block (NYSE:XYZ - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.54. The business 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 firm's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 EPS. 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, equities analysts forecast that Block, Inc. will post 2.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on XYZ shares. The Goldman Sachs Group upgraded Block from a "buy" rating to a "buy" rating in a report on Tuesday, June 30th. UBS Group increased their price objective on Block from $92.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft upgraded Block to a "buy" rating in a research report on Tuesday, June 30th. Argus lifted their target price on Block from $86.00 to $103.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Finally, Jefferies Financial Group began coverage on Block in a report on Tuesday, June 30th. They issued a "hold" rating on the stock. Three 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $95.42.

Hedge Funds Weigh In On Block

A number of hedge funds have recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC raised its position in Block by 301.0% during the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company's stock valued at $30,000 after acquiring 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 grew its position 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 acquiring an additional 223 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Block during the 2nd quarter worth $43,000. Finally, Osbon Capital Management LLC acquired a new position in shares of Block during the 4th quarter worth $43,000. Institutional investors and hedge funds own 70.44% of the company's stock.

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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