Key Points
- Block director Anthony Mathew Eisen sold 135,750 shares on June 1 at an average price of $76.81, generating about $10.43 million. His direct stake fell by 6.26% to 2,032,990 shares.
- Block shares were down 5.6% in the session cited, opening at $69.96. The stock remains above its 50-day and 200-day moving averages, but is below its 52-week high of $82.50.
- Recent earnings topped expectations, with Block reporting $0.85 EPS versus the $0.30 consensus and revenue of $6.06 billion, up 4.9% year over year. The company also reaffirmed guidance for Q2 2026 and FY 2026.
Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Mathew Eisen sold 135,750 shares of the firm's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the completion of the transaction, the director directly owned 2,032,990 shares of the company's stock, valued at approximately $156,153,961.90. This trade represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Block Stock Down 5.6%
Shares of XYZ opened at $69.96 on Thursday. The company has a market cap of $41.64 billion, a PE ratio of 54.66, a P/E/G ratio of 0.96 and a beta of 2.56. The business has a fifty day moving average of $67.78 and a 200 day moving average of $63.95. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $82.50. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26.
Block (NYSE:XYZ - Get Free Report) last released its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The business had revenue of $6.06 billion during the quarter. During the same quarter last year, the business posted $0.56 earnings per share. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, sell-side analysts expect that Block, Inc. will post 2.42 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on XYZ shares. Piper Sandler lifted their target price on Block from $51.00 to $58.00 and gave the stock an "underweight" rating in a research report on Friday, May 8th. BMO Capital Markets started coverage on Block in a research report on Tuesday, April 21st. They set a "market perform" rating and a $74.00 target price for the company. Weiss Ratings upgraded Block from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday. Raymond James Financial upgraded Block to a "moderate buy" rating in a research report on Friday, February 27th. Finally, Royal Bank Of Canada lifted their target price on Block from $90.00 to $93.00 and gave the stock an "outperform" rating in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Block presently has an average rating of "Moderate Buy" and a consensus price target of $85.12.
Read Our Latest Report on XYZ
Institutional Trading of Block
Institutional investors and hedge funds have recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Block in the third quarter valued at about $28,000. Sound Income Strategies LLC raised its holdings in shares of Block by 57.1% in the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company's stock valued at $29,000 after acquiring an additional 161 shares in the last quarter. Global Assets Advisory LLC bought a new stake in shares of Block in the first quarter valued at about $31,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Block in the fourth quarter valued at about $32,000. Finally, Rothschild Investment LLC raised its holdings in shares of Block by 59.7% in the third quarter. Rothschild Investment LLC now owns 495 shares of the technology company's stock valued at $36,000 after acquiring an additional 185 shares in the last quarter. 70.44% of the stock is currently owned by institutional investors.
Block Company Profile
(
Get Free Report)
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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