Block (NYSE:XYZ) Director Sells $495,060.00 in Stock

Key Points

• Block director Anthony Eisen sold 6,000 shares for $495,060 at an average price of $82.51 under a pre-arranged Rule 10b5-1 plan, reducing his position by 0.42% while retaining 1,434,672 shares.
• The sale follows a series of similar 6,000-share disposals by Eisen throughout August and early September, indicating recurring planned insider selling.
• Block shares traded near $82.83, close to their 12-month high, while the company reported quarterly EPS of $1.02—well above estimates—and analysts maintained a Moderate Buy consensus with a $95.42 target price.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $82.51, for a total transaction of $495,060.00. Following the completion of the sale, the director owned 1,434,672 shares of the company's stock, valued at approximately $118,374,786.72. The trade was a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.30, for a total value of $463,800.00.
• On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.58, for a total value of $495,480.00.
• On Friday, August 28th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $85.12, for a total value of $510,720.00.
• On Wednesday, August 26th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.00, for a total value of $492,000.00.
• On Monday, August 24th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.48, for a total value of $488,880.00.
• On Friday, August 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $80.04, for a total value of $480,240.00.
• On Wednesday, August 19th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.55, for a total transaction of $477,300.00.
• On Monday, August 17th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.63, for a total transaction of $489,780.00.
• On Friday, August 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.87, for a total transaction of $497,220.00.
• On Wednesday, August 12th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.62, for a total transaction of $471,720.00.

Block Trading Down 0.6%

Shares of Block stock traded down $0.54 during mid-day trading on Friday, hitting $82.83. The stock had a trading volume of 2,456,441 shares, compared to its average volume of 6,528,855. The firm has a 50-day moving average of $80.25 and a two-hundred day moving average of $70.99. The firm has a market cap of $49.76 billion, a P/E ratio of 147.91, a price-to-earnings-growth ratio of 0.87 and a beta of 2.52. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $86.92.

Block (NYSE:XYZ - Get Free Report) last released its quarterly 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 firm had revenue of $6.62 billion for the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous 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. Sell-side analysts forecast that Block, Inc. will post 2.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

XYZ has been the subject of several research analyst reports. Clear Str raised shares of Block to a "hold" rating in a research note on Thursday, July 16th. Zacks Research lowered shares of Block from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 30th. Needham & Company LLC increased their price objective on shares of Block from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Oppenheimer reiterated an "outperform" rating and issued a $97.00 target price on shares of Block in a report on Thursday, August 6th. Finally, Craig Hallum initiated coverage on Block in a research report on Tuesday, June 30th. They issued a "buy" rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Block has an average rating of "Moderate Buy" and a consensus target price of $95.42.

Institutional Investors Weigh In On Block

Several large investors have recently added to or reduced their stakes in the business. Raiffeisen Bank International AG grew its stake in shares of 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 acquiring an additional 148 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Block by 33.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company's stock valued at $46,000 after acquiring an additional 179 shares in the last quarter. Avior Wealth Management LLC raised its stake 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 valued at $462,000 after acquiring an additional 193 shares in the last quarter. Carson Advisory Inc. raised its stake in shares of Block by 2.6% in the first quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company's stock valued at $484,000 after acquiring an additional 200 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in Block by 33.3% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 800 shares of the technology company's stock valued at $58,000 after purchasing an additional 200 shares during the period. 70.44% of the stock is owned by hedge funds and other institutional investors.

About Block

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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