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

Key Points

• Block director Anthony Eisen sold 6,000 shares on October 5 at an average price of $74.24, generating $445,440. He retained 1,314,672 shares, and the transaction was conducted under a pre-arranged Rule 10b5-1 plan.
• Eisen has made a series of identical 6,000-share sales since September 10, totaling 66,000 shares across the reported transactions.
• Block recently reported quarterly EPS of $1.02, beating estimates of $0.48, while revenue rose 9.3% year over year to $6.62 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $95.45.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $74.24, for a total transaction of $445,440.00. Following the completion of the transaction, the director owned 1,314,672 shares of the company's stock, valued at $97,601,249.28. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.61, for a total value of $453,660.00.
• On Wednesday, September 30th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.33, for a total value of $445,980.00.
• On Monday, September 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.20, for a total value of $451,200.00.
• On Friday, September 25th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.90, for a total value of $461,400.00.
• On Wednesday, September 23rd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.67, for a total value of $460,020.00.
• On Monday, September 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.54, for a total value of $465,240.00.
• On Friday, September 18th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.55, for a total transaction 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 transaction of $470,160.00.
• On Monday, September 14th, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 stock was sold at an average price of $78.39, for a total transaction of $470,340.00.

Block Price Performance

Shares of NYSE XYZ traded up $0.35 during midday trading on Tuesday, reaching $76.58. The company's stock had a trading volume of 2,878,724 shares, compared to its average volume of 6,243,490. 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 company has a 50 day moving average price of $79.69 and a 200 day moving average price of $73.86. Block, Inc. has a one year low of $48.21 and a one year high of $86.92. The company has a market cap of $46.01 billion, a price-to-earnings ratio of 136.75, a price-to-earnings-growth ratio of 0.78 and a beta of 2.55.

Block (NYSE:XYZ - Get Free Report) last released its earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.48 by $0.54. The business had revenue of $6.62 billion during the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the company 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. On average, equities research analysts expect that Block, Inc. will post 2.74 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on XYZ. Argus raised their price objective on Block from $86.00 to $103.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. BTIG Research reaffirmed a "buy" rating and set a $100.00 target price on shares of Block in a report on Friday, September 25th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $95.00 price target on shares of Block in a research report on Friday, September 25th. Zacks Research cut Block from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 30th. Finally, Rosenblatt Securities set a $100.00 price objective on Block in a report on Tuesday, June 30th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $95.45.

Hedge Funds Weigh In On Block

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CX Institutional raised its stake in Block by 6.2% during the 3rd quarter. CX Institutional now owns 7,972 shares of the technology company's stock valued at $586,000 after purchasing an additional 468 shares during the period. Versant Capital Management Inc boosted its position in shares of Block by 13.6% in the third quarter. Versant Capital Management Inc now owns 7,617 shares of the technology company's stock worth $560,000 after buying an additional 914 shares during the period. QRG Capital Management Inc. grew its holdings in shares of Block by 13.9% during the second quarter. QRG Capital Management Inc. now owns 122,158 shares of the technology company's stock valued at $9,284,000 after buying an additional 14,887 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Block by 10.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,901 shares of the technology company's stock valued at $524,000 after buying an additional 676 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Block by 5.7% during the second quarter. Sequoia Financial Advisors LLC now owns 15,836 shares of the technology company's stock valued at $1,204,000 after buying an additional 857 shares during the period. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

Block Company Profile

Block, Inc NYSE: XYZ, formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.

Block's Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.

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