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

Key Points

• Block director Anthony Eisen sold 6,000 shares at an average price of $76.67, generating $460,020. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 0.44% to 1,362,672 shares.
• Eisen has conducted a series of similar 6,000-share sales since late August, while Block shares traded at $74.70 and remained below their 12-month high of $86.92.
• Block reported quarterly EPS of $1.02, exceeding the $0.48 consensus estimate, with revenue of $6.62 billion, up 9.3% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.42.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $76.67, for a total value of $460,020.00. Following the sale, the director owned 1,362,672 shares of the company's stock, valued at $104,476,062.24. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, 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 shares were sold at an average price of $76.55, for a total transaction 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 transaction of $470,160.00.
• On Monday, September 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.96, for a total transaction 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 transaction of $470,340.00.
• On Tuesday, September 8th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.18, for a total transaction of $493,080.00.
• On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.51, for a total transaction of $495,060.00.
• 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 transaction of $463,800.00.
• On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.58, for a total transaction of $495,480.00.
• On Friday, August 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $85.12, for a total transaction of $510,720.00.

Block Stock Performance

NYSE:XYZ traded down $2.83 during mid-day trading on Wednesday, reaching $74.70. The stock had a trading volume of 5,171,640 shares, compared to its average volume of 6,348,506. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.92. The business has a 50 day simple moving average of $80.52 and a 200 day simple moving average of $73.12. The firm has a market capitalization of $44.88 billion, a price-to-earnings ratio of 133.39, a PEG ratio of 0.81 and a beta of 2.52. 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 earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.54. The company had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter 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. On average, analysts expect that Block, Inc. will post 2.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Block

Several hedge funds and other institutional investors have recently bought and sold shares of XYZ. Raiffeisen Bank International AG raised its position in shares of Block by 0.3% during the 2nd quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company's stock worth $3,503,000 after purchasing an additional 148 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in 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 buying an additional 179 shares during the last quarter. Avior Wealth Management LLC increased its position in Block by 3.3% during the second quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company's stock worth $462,000 after buying an additional 193 shares in the last quarter. Carson Advisory Inc. increased its position in Block by 2.6% during the first quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company's stock worth $484,000 after buying an additional 200 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in shares of Block by 57.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company's stock worth $40,000 after acquiring an additional 223 shares during the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XYZ has been the topic of a number of recent analyst reports. Jefferies Financial Group assumed coverage on Block in a report on Tuesday, June 30th. They set a "hold" rating on the stock. Rosenblatt Securities set a $100.00 target price on shares of Block in a research report on Tuesday, June 30th. Scotiabank assumed coverage on shares of Block in a research note on Wednesday, September 2nd. They set a "sector perform" rating and a $82.00 price target on the stock. Argus increased their price target on shares of Block from $86.00 to $103.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, 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. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $95.42.

About Block

Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.

Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.

Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.

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