Block (NYSE:XYZ) Stock: Insider Anthony Mathew Eisen Sells 6,000 Shares

Key Points

• Director Anthony Mathew Eisen sold 6,000 Block shares at an average price of $75.70, worth $454,200. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 1,272,672 shares.
• Eisen has made repeated sales of 6,000 shares since September 21, totaling 11 such transactions over the period described.
• Block shares traded at $75.84, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and an average price target of $95.45; institutional investors own 70.44% of the stock.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the firm's stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $75.70, for a total value of $454,200.00. Following the sale, the director directly owned 1,272,672 shares in the company, valued at approximately $96,341,270.40. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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, October 12th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.97, for a total value of $461,820.00.
• On Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.75, for a total value of $454,500.00.
• 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 value of $452,100.00.
• On Monday, October 5th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.24, for a total transaction 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 transaction of $453,660.00.
• On Wednesday, September 30th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.33, for a total transaction of $445,980.00.
• On Monday, September 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.20, for a total transaction of $451,200.00.
• On Friday, September 25th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.90, for a total transaction of $461,400.00.
• On Wednesday, September 23rd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.67, for a total transaction 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 transaction of $465,240.00.

Block Stock Performance

XYZ stock traded down $1.02 during midday trading on Wednesday, hitting $75.84. 5,194,236 shares of the stock traded hands, compared to its average volume of 6,211,134. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The stock's fifty day simple moving average is $78.95 and its 200-day simple moving average is $74.57. The firm has a market cap of $45.57 billion, a P/E ratio of 135.43, a PEG ratio of 0.80 and a beta of 2.55.

Block (NYSE:XYZ - Get Free Report) last issued its quarterly earnings data 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 during the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The company's revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company 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 year.

Analyst Ratings Changes

Several brokerages recently weighed in on XYZ. William Blair lowered Block to a "market perform" rating in a research note on Tuesday, June 30th. Argus increased their price target on Block from $86.00 to $103.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Royal Bank Of Canada raised their price objective on Block from $93.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. Needham & Company LLC raised their price objective on Block from $95.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, Piper Sandler boosted their price objective on Block from $100.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Block has an average rating of "Moderate Buy" and an average price target of $95.45.

Institutional Trading of Block

A number of institutional investors and hedge funds have recently modified their holdings of XYZ. BlackRock Inc. acquired a new stake in Block in the 2nd quarter worth about $621,703,000. Contour Asset Management LLC increased its stake in Block by 30.4% during the 4th quarter. Contour Asset Management LLC now owns 4,666,891 shares of the technology company's stock worth $303,768,000 after buying an additional 1,088,299 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Block by 528.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company's stock worth $199,153,000 after buying an additional 2,782,523 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Block by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company's stock worth $189,353,000 after buying an additional 39,112 shares in the last quarter. Finally, Hyperion Asset Management Ltd raised its holdings in shares of Block by 6.9% during the second quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company's stock valued at $203,897,000 after acquiring an additional 172,848 shares during the last quarter. Hedge funds and other institutional investors 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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