Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $76.66, for a total transaction of $459,960.00. Following the completion of the transaction, the director directly owned 1,856,672 shares of the company's stock, valued at approximately $142,332,475.52. The trade was a 0.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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, July 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.77, for a total transaction of $472,620.00.
- On Thursday, July 2nd, Anthony Mathew Eisen sold 36,000 shares of Block stock. The stock was sold at an average price of $79.83, for a total transaction of $2,873,880.00.
- On Wednesday, July 1st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.40, for a total transaction of $458,400.00.
- On Monday, June 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.93, for a total value of $473,580.00.
- On Friday, June 26th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.80, for a total value of $448,800.00.
- On Wednesday, June 24th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.01, for a total value of $444,060.00.
- On Monday, June 22nd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.28, for a total value of $445,680.00.
- On Wednesday, June 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.10, for a total value of $444,600.00.
- On Monday, June 15th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $72.26, for a total value of $433,560.00.
- On Friday, June 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $69.78, for a total value of $418,680.00.
Block Stock Performance
Block stock opened at $76.53 on Thursday. The business has a 50 day moving average of $72.56 and a 200-day moving average of $65.95. The company has a market capitalization of $45.55 billion, a P/E ratio of 59.79, a P/E/G ratio of 0.98 and a beta of 2.54. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $82.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99.
Block (NYSE:XYZ - Get Free Report) last posted its earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The business had revenue of $6.06 billion for the quarter. During the same quarter in the prior year, the business earned $0.56 earnings per share. The firm's quarterly revenue was up 4.9% on a year-over-year basis. 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, equities research analysts predict that Block, Inc. will post 2.48 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. BMO Capital Markets initiated coverage on shares of Block in a research note on Tuesday, June 30th. They issued an "outperform" rating on the stock. Morgan Stanley raised their target price on Block from $96.00 to $98.00 and gave the stock an "overweight" rating in a research report on Friday, May 29th. Canaccord Genuity Group lifted their target price on Block from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, May 18th. Jefferies Financial Group assumed coverage on Block in a research report on Tuesday, June 30th. They issued a "hold" rating on the stock. Finally, Needham & Company LLC increased their price target on Block from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Block currently has an average rating of "Moderate Buy" and an average target price of $87.91.
View Our Latest Stock Report on XYZ
Institutional Investors Weigh In On Block
Several large investors have recently modified their holdings of the company. Valeo Financial Advisors LLC acquired a new position in Block in the second quarter valued at $237,000. Elevation Wealth Partners LLC grew its holdings 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 during the period. Czech National Bank grew its holdings in Block by 2.1% during the 2nd quarter. Czech National Bank now owns 152,337 shares of the technology company's stock worth $11,578,000 after acquiring an additional 3,182 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Block by 372.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 937,540 shares of the technology company's stock worth $71,253,000 after acquiring an additional 739,264 shares in the last quarter. Finally, 55 North Private Wealth LLC bought a new position in shares of Block in the 2nd quarter worth about $203,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.
About Block
(
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.
Recommended Stories
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].
