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 $78.58, generating $471,480. The transaction was made under a pre-arranged Rule 10b5-1 plan, leaving him with 1,254,672 shares.
• Eisen has sold 6,000 shares in a series of transactions dating back to September 25, with total proceeds exceeding $4.5 million.
• Block shares recently traded at $77.48, while the company reported quarterly EPS of $1.02 versus expectations of $0.48. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $95.39.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the business's stock in a transaction on Monday, October 19th. The stock was sold at an average price of $78.58, for a total value of $471,480.00. Following the completion of the transaction, the director directly owned 1,254,672 shares in the company, valued at approximately $98,592,125.76. This represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 16th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $80.43, for a total value of $482,580.00.
• On Wednesday, October 14th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.70, for a total value of $454,200.00.
• On Monday, October 12th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.97, for a total value of $461,820.00.
• On Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.75, for a total transaction of $454,500.00.
• On Wednesday, October 7th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.35, for a total transaction of $452,100.00.
• On Monday, October 5th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.24, for a total transaction of $445,440.00.
• On Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.61, for a total transaction of $453,660.00.
• On Wednesday, September 30th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.33, for a total transaction of $445,980.00.
• On Monday, September 28th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.20, for a total transaction 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 transaction of $461,400.00.

Block Price Performance

Shares of XYZ traded down $0.41 during mid-day trading on Monday, hitting $77.48. 3,612,157 shares of the company traded hands, compared to its average volume of 6,188,326. 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 stock has a market capitalization of $46.55 billion, a price-to-earnings ratio of 138.35, a PEG ratio of 0.81 and a beta of 2.55. The business has a 50-day moving average of $78.77 and a 200 day moving average of $75.00. Block, Inc. has a one year low of $48.21 and a one year high of $86.92.

Block (NYSE:XYZ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm had revenue of $6.62 billion during the quarter. During the same quarter last year, the firm earned $0.62 EPS. The business's revenue for the quarter was up 9.3% on a year-over-year basis. 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 expect that Block, Inc. will post 2.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Block

A number of large investors have recently added to or reduced their stakes in the company. SteelPeak Wealth LLC bought a new stake in shares of Block in the third quarter valued at about $339,000. Banque Pictet & Cie SA grew its holdings in shares of Block by 4.8% during the third quarter. Banque Pictet & Cie SA now owns 7,757 shares of the technology company's stock worth $570,000 after buying an additional 357 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Block by 6.5% during the third quarter. V Square Quantitative Management LLC now owns 5,945 shares of the technology company's stock worth $437,000 after buying an additional 363 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Block by 11.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,044,530 shares of the technology company's stock valued at $76,804,000 after buying an additional 106,990 shares during the last quarter. Finally, Mather Group LLC. raised its position in Block by 53.9% in the 3rd quarter. Mather Group LLC. now owns 2,932 shares of the technology company's stock valued at $216,000 after buying an additional 1,027 shares during the last quarter. Institutional investors own 70.44% of the company's stock.

Analysts Set New Price Targets

XYZ has been the topic of a number of recent research reports. Clear Str raised shares of Block to a "hold" rating in a research note on Thursday, July 16th. BTIG Research restated a "buy" rating and set a $100.00 target price on shares of Block in a research report on Friday, September 25th. Needham & Company LLC upped their price target on Block from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Canaccord Genuity Group increased their price target on shares of Block from $85.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Finally, The Goldman Sachs Group raised shares of Block from a "buy" rating to a "buy" rating in a research note on Tuesday, June 30th. Four 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.39.

About Block

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.

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