Block (NYSE:XYZ) Director Sells 6,000 Shares of Company Stock

Key Points

• Block director Anthony Eisen sold 6,000 shares at an average price of $75.75, generating $454,500. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with approximately 1.29 million shares.
• Eisen has made a series of similar 6,000-share sales since September 16, totaling more than $4.5 million based on the reported transaction values.
• Block shares rose 2.8% to $77.34, while analysts maintained a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $95.45.

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 9th. The shares were sold at an average price of $75.75, for a total transaction of $454,500.00. Following the completion of the transaction, the director directly owned 1,290,672 shares in the company, valued at approximately $97,768,404. This represents a 0.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 Wednesday, October 7th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.35, for a total transaction of $452,100.00.
• 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 value of $445,440.00.
• On Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.61, for a total value of $453,660.00.
• 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 stock was 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 shares were 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 stock was sold at an average price of $78.36, for a total value of $470,160.00.

Block Stock Up 2.8%

NYSE:XYZ traded up $2.11 during trading hours on Friday, hitting $77.34. The stock had a trading volume of 5,232,356 shares, compared to its average volume of 6,232,754. The company has a market cap of $46.46 billion, a PE ratio of 138.11, a price-to-earnings-growth ratio of 0.80 and a beta of 2.55. The business has a 50 day simple moving average of $79.29 and a two-hundred day simple moving average of $74.22. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92. 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 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.54. The business 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 company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 earnings per share. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Analysts predict that Block, Inc. will post 2.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. William Blair cut shares of Block to a "market perform" rating in a research report on Tuesday, June 30th. Piper Sandler boosted their price target on Block from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Susquehanna increased their price target on Block from $90.00 to $100.00 and gave the company a "positive" rating in a report on Thursday, August 6th. Scotiabank assumed coverage on Block in a research note on Wednesday, September 2nd. They set a "sector perform" rating and a $82.00 price objective for the company. Finally, Argus raised their price objective on Block from $86.00 to $103.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Four 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $95.45.

Institutional Investors Weigh In On Block

A number of institutional investors have recently modified their holdings of XYZ. Elevation Wealth Partners LLC grew its stake in Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company's stock worth $30,000 after purchasing an additional 292 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in Block during the first quarter valued at approximately $31,000. Osbon Capital Management LLC bought a new position in Block during the 4th quarter worth approximately $43,000. Meeder Asset Management Inc. acquired a new stake in shares of Block during the 2nd quarter valued at approximately $46,000. Finally, Reflection Asset Management acquired a new position in Block in the fourth quarter worth $50,000. Institutional investors and hedge funds own 70.44% of the company's stock.

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.

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