Key Points
- Director Anthony Mathew Eisen sold 6,000 Block shares on June 12 at an average price of $69.78, totaling $418,680. The sale was made under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 0.30%.
- Block shares were up 6.8% and recently traded at $74.23, near the midpoint of their 52-week range. The company has a market cap of $44.18 billion and a beta of 2.56.
- Block reported better-than-expected Q1 results, with EPS of $0.85 versus $0.30 expected, and revenue of $6.06 billion. Analysts remain broadly positive, with a consensus rating of Moderate Buy and a target price of $85.42.
Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of Block stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $69.78, for a total transaction of $418,680.00. Following the completion of the transaction, the director directly owned 1,978,990 shares of the company's stock, valued at $138,093,922.20. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 Monday, June 15th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $72.26, for a total transaction of $433,560.00.
- On Wednesday, June 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $66.64, for a total transaction of $399,840.00.
- On Monday, June 8th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $68.22, for a total transaction of $409,320.00.
- On Thursday, June 4th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was 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 stock was sold at an average price of $76.81, for a total transaction of $10,426,957.50.
Block Stock Up 6.8%
Shares of Block stock opened at $74.23 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a market capitalization of $44.18 billion, a PE ratio of 57.99, a price-to-earnings-growth ratio of 0.90 and a beta of 2.56. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $82.50. The company has a 50-day simple moving average of $69.49 and a two-hundred day simple moving average of $64.44.
Block (NYSE:XYZ - Get Free Report) last issued its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.55. The business had revenue of $6.06 billion during the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.56 earnings per share. 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, analysts anticipate that Block, Inc. will post 2.42 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
XYZ has been the subject of several recent analyst reports. Loop Capital began coverage on shares of Block in a report on Tuesday, March 31st. They issued a "buy" rating and a $75.00 target price for the company. TD Cowen boosted their price objective on shares of Block from $91.00 to $95.00 and gave the company a "buy" rating in a report on Friday, February 27th. Needham & Company LLC boosted their price objective on shares of Block from $90.00 to $95.00 and gave the company a "buy" rating in a report on Friday, May 8th. Arete Research raised shares of Block from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 3rd. Finally, Raymond James Financial raised shares of Block to a "moderate buy" rating in a report on Friday, February 27th. Four research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Block has a consensus rating of "Moderate Buy" and a consensus target price of $85.42.
Read Our Latest Research Report on Block
Institutional Trading of Block
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XYZ. Cary Street Partners Investment Advisory LLC purchased a new stake in Block during the third quarter valued at approximately $28,000. Sound Income Strategies LLC increased its holdings in Block by 57.1% during the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company's stock valued at $29,000 after buying an additional 161 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in Block during the first quarter valued at approximately $31,000. Rachor Investment Advisory Services LLC purchased a new stake in Block during the fourth quarter valued at approximately $32,000. Finally, Rothschild Investment LLC boosted its position in shares of Block by 59.7% in the third quarter. Rothschild Investment LLC now owns 495 shares of the technology company's stock worth $36,000 after purchasing an additional 185 shares during the period. 70.44% of the stock is owned by hedge funds and other 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
