Insider Selling: Block (NYSE:XYZ) Director Sells $495,480.00 in Stock

Key Points

• Block director Anthony Mathew Eisen sold 6,000 shares at an average price of $82.58, generating $495,480. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan and reduced his ownership by 0.41% to 1,458,672 shares.
• Block shares fell 5.2% to $77.78 during Tuesday trading. Despite the decline, the company recently beat quarterly earnings expectations, reporting $1.02 in EPS versus the $0.48 consensus estimate and 9.3% year-over-year revenue growth.
• Analysts maintain a generally positive outlook, with the stock holding a “Moderate Buy” consensus rating and an average price target of $95.84, compared with its recent trading price.

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the business's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $82.58, for a total transaction of $495,480.00. Following the sale, the director owned 1,458,672 shares in the company, valued at $120,457,133.76. This trade represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Friday, August 28th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $85.12, for a total transaction of $510,720.00.
• 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 transaction 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 stock was 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 value of $470,820.00.
• On Thursday, August 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $83.07, for a total value of $498,420.00.

Block Stock Down 5.2%

Shares of NYSE XYZ traded down $4.24 during mid-day trading on Tuesday, hitting $77.78. The company had a trading volume of 5,156,538 shares, compared to its average volume of 6,575,973. The company has a market capitalization of $46.73 billion, a PE ratio of 138.89, a price-to-earnings-growth ratio of 0.93 and a beta of 2.53. The business's 50-day simple moving average is $79.82 and its 200 day simple moving average is $70.35. 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.

Block (NYSE:XYZ - Get Free Report) last released its earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS 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 firm had revenue of $6.62 billion during the quarter. During the same period in the previous year, the firm earned $0.62 earnings per share. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. 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 predict that Block, Inc. will post 2.72 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Elevation Wealth Partners LLC raised its stake in Block by 301.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company's stock worth $30,000 after acquiring an additional 292 shares in the last quarter. Global Assets Advisory LLC acquired a new position in Block in the first quarter valued at $31,000. Cary Street Partners Investment Advisory LLC boosted its stake in Block by 57.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company's stock valued at $40,000 after acquiring an additional 223 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Block during the second quarter worth about $43,000. Finally, Osbon Capital Management LLC acquired a new stake in shares of Block during the fourth quarter worth about $43,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XYZ has been the subject of a number of analyst reports. William Blair downgraded Block to a "market perform" rating in a research report on Tuesday, June 30th. KeyCorp lifted their price target on shares of Block from $105.00 to $108.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Piper Sandler boosted their price target on shares of Block from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Robert W. Baird set a $105.00 price objective on shares of Block in a research report on Thursday, August 6th. Finally, Rosenblatt Securities set a $100.00 price objective on shares of Block in a report on Tuesday, June 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $95.84.

Block Company Profile

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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