Key Points
- Block director Anthony Mathew Eisen sold 6,000 shares on June 8 at an average price of $68.22, totaling about $409,320. The sale reduced his holdings by 0.30%, and it was made under a pre-arranged Rule 10b5-1 plan.
- Eisen has been an active seller recently, also offloading 6,000 shares on June 4 and 135,750 shares on June 1. Those transactions were worth about $425,040 and $10.43 million, respectively.
- Block reported stronger-than-expected quarterly results, with EPS of $0.85 versus a $0.30 estimate and revenue of $6.06 billion, up 4.9% year over year. Analysts remain generally positive, with a consensus rating of Moderate Buy and an average price target of $85.42.
Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $68.22, for a total value of $409,320.00. Following the completion of the transaction, the director owned 2,002,990 shares of the company's stock, valued at approximately $136,643,977.80. The trade was a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Thursday, June 4th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $70.84, for a total transaction of $425,040.00.
- On Monday, June 1st, Anthony Mathew Eisen sold 135,750 shares of Block stock. The shares were sold at an average price of $76.81, for a total transaction of $10,426,957.50.
Block Price Performance
XYZ stock opened at $69.86 on Tuesday. The firm has a 50 day moving average price of $68.38 and a 200-day moving average price of $64.18. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $82.50. The firm has a market capitalization of $41.58 billion, a price-to-earnings ratio of 54.58, a PEG ratio of 0.88 and a beta of 2.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99.
Block (NYSE:XYZ - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.55. The business had revenue of $6.06 billion during the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The firm's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 EPS. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Equities research analysts forecast that Block, Inc. will post 2.42 EPS for the current fiscal year.
Institutional Trading of Block
Several large investors have recently modified their holdings of the company. Cibc World Market Inc. raised its holdings in shares of Block by 24.0% in the third quarter. Cibc World Market Inc. now owns 179,271 shares of the technology company's stock worth $12,956,000 after buying an additional 34,678 shares during the period. New York Life Investment Management LLC purchased a new stake in shares of Block in the third quarter worth approximately $5,400,000. Inceptionr LLC raised its holdings in shares of Block by 455.1% in the third quarter. Inceptionr LLC now owns 19,480 shares of the technology company's stock worth $1,408,000 after buying an additional 15,971 shares during the period. Vanguard Group Inc. raised its holdings in shares of Block by 23.1% in the third quarter. Vanguard Group Inc. now owns 67,626,485 shares of the technology company's stock worth $4,887,366,000 after buying an additional 12,709,824 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Block by 145.9% in the third quarter. PNC Financial Services Group Inc. now owns 55,396 shares of the technology company's stock worth $4,003,000 after buying an additional 32,865 shares during the period. Institutional investors own 70.44% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. HSBC upgraded Block from a "hold" rating to a "buy" rating and lifted their price objective for the company from $70.00 to $77.00 in a research note on Tuesday, March 3rd. Arete Research upgraded Block from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 3rd. Raymond James Financial upgraded Block to a "moderate buy" rating in a research note on Friday, February 27th. Wall Street Zen upgraded Block from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. Finally, Morgan Stanley lifted their target price on Block from $96.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, May 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $85.42.
Read Our Latest Report on XYZ
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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