Insider Selling: Block (NYSE:XYZ) Director Sells 6,000 Shares

Key Points

• Block director Anthony Eisen sold 6,000 shares at an average price of $82.18, generating $493,080. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his ownership by 0.42% to 1,428,672 shares.
• Eisen has made multiple recent sales of 6,000 shares, including transactions from August 17 through September 10, indicating a sustained pattern of insider selling.
• Block shares recently traded near $79, while the company reported quarterly earnings of $1.02 per share versus analyst expectations of $0.48. 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 Block stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $82.18, for a total transaction of $493,080.00. Following the completion of the sale, the director owned 1,428,672 shares of the company's stock, valued at approximately $117,408,264.96. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 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 value of $470,340.00.
• On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.51, for a total value 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 value of $463,800.00.
• On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.58, for a total value 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 value of $510,720.00.
• On Wednesday, August 26th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.00, for a total value of $492,000.00.
• On Monday, August 24th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.48, for a total value of $488,880.00.
• On Friday, August 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.04, for a total value of $480,240.00.
• On Wednesday, August 19th, Anthony 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 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.

Block Price Performance

Block stock traded down $0.37 during trading hours on Thursday, reaching $79.03. 3,229,648 shares of the stock were exchanged, compared to its average volume of 6,477,345. 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, Inc. has a twelve month low of $48.21 and a twelve month high of $86.92. The company has a market cap of $47.48 billion, a P/E ratio of 141.12, a price-to-earnings-growth ratio of 0.85 and a beta of 2.52. The stock has a 50 day moving average of $80.57 and a two-hundred day moving average of $71.82.

Block (NYSE:XYZ - Get Free Report) last issued 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 company 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 business's revenue was up 9.3% on a year-over-year basis. During the same period 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. Equities analysts expect that Block, Inc. will post 2.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of XYZ. Allstate Corp increased its holdings in Block by 91.9% in the 4th quarter. Allstate Corp now owns 39,281 shares of the technology company's stock worth $2,557,000 after purchasing an additional 18,812 shares in the last quarter. National Pension Service boosted its stake in shares of Block by 8.4% during the fourth quarter. National Pension Service now owns 833,124 shares of the technology company's stock valued at $54,228,000 after purchasing an additional 64,674 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Block by 7.2% during the fourth quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company's stock worth $79,749,000 after purchasing an additional 82,446 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Block during the second quarter worth about $366,000. Finally, Mawer Investment Management Ltd. acquired a new position in shares of Block in the fourth quarter valued at approximately $3,062,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on XYZ. BTIG Research raised their target price on Block from $90.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Argus boosted their price target on Block from $86.00 to $103.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Keefe, Bruyette & Woods upped their price objective on Block from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $95.00 price objective on shares of Block in a research note on Thursday, August 6th. Finally, Wolfe Research lifted their target price on Block from $100.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, August 25th. Three equities research 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $95.42.

Block Company Profile

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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