Block (NYSE:XYZ) Director Sells $453,660.00 in Stock

Key Points

• Block director Anthony Eisen sold 6,000 shares at an average price of $75.61, generating $453,660. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his position by 0.45% to 1.32 million shares.
• Eisen has made a series of similar 6,000-share sales since September 10, with total proceeds exceeding $4.5 million. Block shares recently traded at $76.58, with a market capitalization of approximately $46 billion.
• Block reported stronger-than-expected quarterly earnings of $1.02 per share and $6.62 billion in revenue, up 9.3% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $95.45, while institutional investors own 70.44% of the stock.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the firm's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $75.61, for a total transaction of $453,660.00. Following the transaction, the director directly owned 1,320,672 shares of the company's stock, valued at approximately $99,856,009.92. This trade represents a 0.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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 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 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 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 shares were 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.

Block Stock Performance

Block stock traded up $0.35 during mid-day trading on Tuesday, hitting $76.58. The company had a trading volume of 2,878,724 shares, compared to its average volume of 6,243,490. The company has a market capitalization of $46.01 billion, a price-to-earnings ratio of 136.75, a P/E/G ratio of 0.78 and a beta of 2.55. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $86.92. The company's fifty day moving average is $79.69 and its 200-day moving average is $73.86. 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 (NYSE:XYZ - Get Free Report) last posted its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating 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 period last year, the firm earned $0.62 earnings per share. Block's revenue for the quarter was up 9.3% compared to the same quarter last year. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Equities research analysts predict that Block, Inc. will post 2.74 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on XYZ shares. Clear Str raised shares of Block to a "hold" rating in a research note on Thursday, July 16th. Benchmark upgraded Block to a "strong-buy" rating in a research note on Thursday, September 10th. KeyCorp upped their price target on Block from $105.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. BMO Capital Markets upped their price target on Block from $78.00 to $85.00 and gave the stock a "market perform" rating in a report on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft upgraded Block to a "buy" rating in a research 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $95.45.

Institutional Investors Weigh In On Block

Several large investors have recently bought and sold shares of XYZ. Capital World Investors lifted its position in shares of Block by 41.8% in the fourth quarter. Capital World Investors now owns 16,023,441 shares of the technology company's stock valued at $1,042,966,000 after acquiring an additional 4,727,217 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Block during the second quarter worth approximately $621,703,000. Contour Asset Management LLC increased its position in shares of Block by 30.4% during the fourth quarter. Contour Asset Management LLC now owns 4,666,891 shares of the technology company's stock worth $303,768,000 after purchasing an additional 1,088,299 shares in the last quarter. Hyperion Asset Management Ltd raised its stake in Block by 6.9% in the 2nd quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company's stock valued at $203,897,000 after purchasing an additional 172,848 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Block by 528.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company's stock valued at $199,153,000 after purchasing an additional 2,782,523 shares during the last quarter. 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.

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.