Block (NYSE:XYZ) Director Sells $510,720.00 in Stock

Key Points

• Block director Anthony Mathew Eisen sold 6,000 shares for $510,720 at an average price of $85.12 under a pre-arranged Rule 10b5-1 trading plan. He continues to own approximately 1.46 million shares, and has made multiple similar sales in August.
• Block shares fell 5.2% to $77.78, while the company reported quarterly revenue of $6.62 billion, up 9.3% year over year, and adjusted earnings of $1.02 per share—well above the $0.48 analyst consensus.
• Analysts maintain a favorable outlook, with Block receiving a “Moderate Buy” consensus rating and an average price target of $95.84; institutional investors own 70.44% of the company.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the company's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $85.12, for a total value of $510,720.00. Following the completion of the sale, the director directly owned 1,464,672 shares in the company, valued at approximately $124,672,880.64. The trade was a 0.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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, August 31st, Anthony Mathew 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 Wednesday, August 26th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.00, for a total value of $492,000.00.
• On Monday, August 24th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were 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 stock was 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 shares were 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 shares were sold at an average price of $82.87, for a total transaction of $497,220.00.
• On Wednesday, August 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.62, for a total transaction of $471,720.00.
• On Monday, August 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.47, for a total transaction 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 transaction of $498,420.00.

Block Stock Down 5.2%

Shares of XYZ stock traded down $4.24 during trading hours on Tuesday, hitting $77.78. 5,156,538 shares of the company's stock traded hands, compared to its average volume of 6,575,973. The stock's fifty day simple moving average is $79.82 and its two-hundred day simple moving average is $70.35. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $86.92. The stock has a market cap of $46.73 billion, a price-to-earnings ratio of 138.89, a PEG ratio of 0.93 and a beta of 2.53. 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 (NYSE:XYZ - Get Free Report) last posted its quarterly earnings results 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 return on equity of 8.10% and a net margin of 1.43%.The company had revenue of $6.62 billion for the quarter. During the same quarter in the previous year, the company earned $0.62 EPS. The business's quarterly revenue 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. On average, analysts expect that Block, Inc. will post 2.72 EPS for the current year.

Institutional Investors Weigh In On Block

Institutional investors have recently modified their holdings of the business. Raiffeisen Bank International AG raised its position in Block by 0.3% in the 2nd 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 during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Block by 33.9% during the 4th 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 during the last quarter. Avior Wealth Management LLC grew 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 worth $462,000 after acquiring an additional 193 shares during the period. Carson Advisory Inc. grew 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 worth $484,000 after acquiring an additional 200 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake 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 acquiring an additional 200 shares during the period. 70.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XYZ has been the subject of several analyst reports. Argus raised their price target on Block from $86.00 to $103.00 and gave the company a "buy" rating in a report on Friday, August 7th. The Goldman Sachs Group upgraded shares of Block from a "buy" rating to a "buy" rating in a research note on Tuesday, June 30th. Truist Financial raised their price objective on shares of Block from $82.00 to $93.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Wolfe Research raised their price objective on shares of Block from $100.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, August 25th. Finally, Barclays assumed coverage on shares of Block in a report on Tuesday, July 7th. They issued an "overweight" rating and a $100.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, Block currently has an average rating of "Moderate Buy" and an average target price of $95.84.

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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