Block (NYSE:XYZ) Director Sells $445,980.00 in Stock

Key Points

• Block director Anthony Eisen sold 6,000 shares for approximately $445,980 at an average price of $74.33 under a pre-arranged Rule 10b5-1 plan. He retained 1,332,672 shares valued at roughly $99.1 million.
• The sale was part of a broader pattern of repeated 6,000-share disposals by Eisen throughout September, totaling more than $4.6 million across the disclosed transactions.
• Block shares recently traded near $74, while analysts maintained a “Moderate Buy” consensus with an average price target of $95.42; the company also reported quarterly revenue growth of 9.3% year over year and earnings that exceeded estimates.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $74.33, for a total value of $445,980.00. Following the transaction, the director directly owned 1,332,672 shares in the company, valued at approximately $99,057,509.76. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 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 stock was 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 stock was 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 shares were sold at an average price of $77.54, for a total transaction of $465,240.00.
• 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 transaction of $459,300.00.
• On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The stock was 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 shares were sold at an average price of $78.39, for a total transaction 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 transaction of $493,080.00.
• On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.51, for a total transaction of $495,060.00.

Block Stock Up 0.7%

NYSE XYZ traded up $0.50 during trading hours on Thursday, hitting $74.03. The company's stock had a trading volume of 3,766,619 shares, compared to its average volume of 6,286,896. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.92. The company has a market capitalization of $44.48 billion, a PE ratio of 132.20, a price-to-earnings-growth ratio of 0.77 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. The company's 50-day simple moving average is $79.90 and its two-hundred day simple moving average is $73.54.

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 during the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.Block's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $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. Research analysts anticipate that Block, Inc. will post 2.74 EPS for the current fiscal year.

Institutional Trading of Block

A number of hedge funds have recently bought and sold shares of XYZ. BlackRock Inc. bought a new stake in shares of Block during the 2nd quarter worth $621,703,000. Capital World Investors boosted its holdings in shares of Block by 41.8% in the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company's stock worth $1,042,966,000 after buying an additional 4,727,217 shares during the last quarter. Contour Asset Management LLC grew its position in Block by 30.4% during the fourth quarter. Contour Asset Management LLC now owns 4,666,891 shares of the technology company's stock valued at $303,768,000 after buying an additional 1,088,299 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Block by 528.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company's stock valued at $199,153,000 after buying an additional 2,782,523 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Block by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company's stock worth $189,353,000 after buying an additional 39,112 shares during the last quarter. 70.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

XYZ has been the subject of a number of analyst reports. Barclays began coverage on Block in a research report on Tuesday, July 7th. They issued an "overweight" rating and a $100.00 price target for the company. Wolfe Research lifted their price objective on shares of Block from $100.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, August 25th. Benchmark upgraded shares of Block to a "strong-buy" rating in a research note on Thursday, September 10th. Craig Hallum started coverage on shares of Block in a report on Tuesday, June 30th. They issued a "buy" rating for the company. Finally, Truist Financial increased their target price on shares of Block from $82.00 to $93.00 and gave the company a "buy" rating in a report on Friday, July 24th. Four research 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. Based on data from MarketBeat, Block has an average rating of "Moderate Buy" and a consensus target price of $95.42.

About Block

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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