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

Key Points

• Block director Anthony Eisen sold 6,000 shares at an average price of $77.54, generating $465,240. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan, leaving him with 1,374,672 shares.
• Eisen has made a series of similar 6,000-share sales since late August, while Block shares recently fell 3.7% to $74.70. The stock has a market capitalization of approximately $44.88 billion.
• Block reported quarterly EPS of $1.02, exceeding the $0.48 analyst consensus, alongside $6.62 billion in revenue, up 9.3% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $95.42.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the company's stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $77.54, for a total transaction of $465,240.00. Following the sale, the director owned 1,374,672 shares of the company's stock, valued at approximately $106,592,066.88. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 23rd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.67, for a total value of $460,020.00.
• On Friday, September 18th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.55, for a total value of $459,300.00.
• On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.36, for a total value 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 value of $473,760.00.
• 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 stock was 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 value of $495,060.00.
• On Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 transaction 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.

Block Trading Down 3.7%

NYSE:XYZ traded down $2.83 during midday trading on Wednesday, reaching $74.70. 5,171,640 shares of the stock traded hands, compared to its average volume of 6,348,506. The company has a fifty day moving average of $80.52 and a 200 day moving average of $73.12. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $86.92. 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 stock has a market capitalization of $44.88 billion, a P/E ratio of 133.39, a PEG ratio of 0.81 and a beta of 2.52.

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 (EPS) for the quarter, topping 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%. Block's revenue was up 9.3% on a year-over-year basis. During the same period last year, the business 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. On average, research analysts predict that Block, Inc. will post 2.74 EPS for the current year.

Institutional Investors Weigh In On Block

A number of hedge funds and other institutional investors have recently bought and sold shares of XYZ. Elevation Wealth Partners LLC grew its stake in shares of 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 during the last quarter. Global Assets Advisory LLC purchased a new position in Block during the first quarter valued at $31,000. Cary Street Partners Investment Advisory LLC raised its stake in Block by 57.6% during 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 during the last quarter. Osbon Capital Management LLC bought a new stake in Block in the fourth quarter worth $43,000. Finally, Ancora Advisors LLC bought a new stake in Block in the second quarter worth $53,000. Hedge funds and other institutional investors own 70.44% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on XYZ shares. Robert W. Baird set a $105.00 price objective on shares of Block in a report on Thursday, August 6th. Clear Str raised Block to a "hold" rating in a research report on Thursday, July 16th. Benchmark upgraded Block to a "strong-buy" rating in a research note on Thursday, September 10th. Scotiabank initiated coverage on Block in a research report on Wednesday, September 2nd. They set a "sector perform" rating and a $82.00 price target on the stock. Finally, Argus lifted their price target on Block from $86.00 to $103.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.42.

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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