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 $74.44, generating $446,640. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 0.49% to 1,212,672 shares.
• Eisen has made a series of similar 6,000-share sales nearly every few days since October 5, with the latest transactions totaling millions of dollars in proceeds.
• Block shares recently traded at $76.96, while analysts maintain a “Moderate Buy” consensus and an average price target of $95.61. The company’s latest quarterly earnings beat estimates, with revenue rising 9.3% year over year.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of Block stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $74.44, for a total value of $446,640.00. Following the completion of the transaction, the director owned 1,212,672 shares of the company's stock, valued at $90,271,303.68. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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, October 26th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.76, for a total value of $454,560.00.
• On Friday, October 23rd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $77.84, for a total value of $467,040.00.
• On Wednesday, October 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.07, for a total value of $474,420.00.
• On Monday, October 19th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.58, for a total value of $471,480.00.
• On Friday, October 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.43, for a total transaction of $482,580.00.
• On Wednesday, October 14th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.70, for a total transaction of $454,200.00.
• On Monday, October 12th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.97, for a total transaction of $461,820.00.
• On Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.75, for a total transaction of $454,500.00.
• On Wednesday, October 7th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.35, for a total value 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.

Block Stock Performance

Shares of NYSE:XYZ traded up $1.75 during trading on Thursday, hitting $76.96. 4,330,800 shares of the company traded hands, compared to its average volume of 6,107,126. The stock has a market capitalization of $46.24 billion, a price-to-earnings ratio of 137.44, a PEG ratio of 0.80 and a beta of 2.55. The business's fifty day moving average is $78.15 and its 200-day moving average is $71.02. Block, Inc. has a one year low of $48.21 and a one year high of $86.92. 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 announced 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 business 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 firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, equities analysts predict that Block, Inc. will post 2.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Block

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Elevation Wealth Partners LLC raised its position in Block by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company's stock valued at $30,000 after purchasing an additional 292 shares during the last quarter. Global Assets Advisory LLC bought a new stake in shares of Block during the first quarter worth $31,000. Meeder Asset Management Inc. bought a new stake in shares of Block during the second quarter worth $46,000. Ancora Advisors LLC acquired a new stake in shares of Block in the second quarter valued at $53,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Block by 1,033.3% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 918 shares of the technology company's stock valued at $55,000 after buying an additional 837 shares in the last quarter. Institutional investors and hedge funds own 70.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on XYZ. Piper Sandler boosted their price target on shares of Block from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Block from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. Keefe, Bruyette & Woods boosted their target price on shares of Block from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Needham & Company LLC boosted their target price on shares of Block from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Barclays began coverage on shares of Block in a research report on Tuesday, July 7th. They issued an "overweight" rating and a $100.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $95.61.

Block Company Profile

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.

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