Block (NYSE:XYZ) Director Sells $492,000.00 in Stock

Key Points

• Block director Anthony Mathew Eisen sold 6,000 shares at an average price of $82, generating $492,000. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 1,476,672 shares.
• Eisen has made a series of additional sales in August, including a 41,000-share sale on August 5, alongside multiple 6,000-share transactions.
• Block shares rose 2.2% to $84.89, while the company reported quarterly EPS of $1.02 versus analysts’ $0.48 estimate. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.84.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $82.00, for a total transaction of $492,000.00. Following the completion of the transaction, the director owned 1,476,672 shares of the company's stock, valued at $121,087,104. This trade represents a 0.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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, August 24th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.48, for a total transaction of $488,880.00.
• On Friday, August 21st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.04, for a total transaction of $480,240.00.
• On Wednesday, August 19th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.55, for a total transaction of $477,300.00.
• On Monday, August 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.63, for a total transaction of $489,780.00.
• On Friday, August 14th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.87, for a total value of $497,220.00.
• On Wednesday, August 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.62, for a total value of $471,720.00.
• On Monday, August 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.47, for a total value of $470,820.00.
• On Thursday, August 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $83.07, for a total value of $498,420.00.
• On Wednesday, August 5th, Anthony Mathew Eisen sold 41,000 shares of Block stock. The stock was sold at an average price of $85.85, for a total value of $3,519,850.00.
• On Monday, August 3rd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.52, for a total value of $489,120.00.

Block Stock Up 2.2%

Block stock traded up $1.79 during midday trading on Thursday, reaching $84.89. The stock had a trading volume of 5,762,170 shares, compared to its average volume of 6,606,480. The firm's fifty day simple moving average is $79.26 and its 200-day simple moving average is $69.79. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92. The stock has a market capitalization of $51.00 billion, a P/E ratio of 151.59, a price-to-earnings-growth ratio of 0.92 and a beta of 2.53. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21.

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 for the quarter, topping analysts' consensus estimates of $0.48 by $0.54. The firm 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%.The company's revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company 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. As a group, analysts expect that Block, Inc. will post 2.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on XYZ shares. UBS Group raised their target price on shares of Block from $92.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Jefferies Financial Group began coverage on shares of Block in a research report on Tuesday, June 30th. They set a "hold" rating on the stock. Argus increased their price objective on shares of Block from $86.00 to $103.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Monness Crespi & Hardt raised their price objective on Block from $115.00 to $125.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, KeyCorp lifted their target price on Block from $105.00 to $108.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $95.84.

Hedge Funds Weigh In On Block

A number of institutional investors have recently added to or reduced their stakes in XYZ. Raiffeisen Bank International AG increased its position in Block by 0.3% in the second quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company's stock worth $3,503,000 after buying an additional 148 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Block by 33.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company's stock worth $46,000 after acquiring an additional 179 shares in the last quarter. Merit Financial Group LLC lifted its holdings in Block by 3.7% during the fourth quarter. Merit Financial Group LLC now owns 5,270 shares of the technology company's stock valued at $343,000 after purchasing an additional 188 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of Block by 3.3% in the second quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company's stock worth $462,000 after purchasing an additional 193 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Block by 33.3% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 800 shares of the technology company's stock worth $58,000 after purchasing an additional 200 shares during the period. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Block Company Profile

Block NYSE: XYZ is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block's portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.

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