Key Points
- Block Director Anthony Eisen sold 6,000 shares at an average price of $78.47, generating proceeds of $470,820. The transaction, conducted under a Rule 10b5-1 plan, reduced his ownership by 0.39% to 1,548,672 shares.
- Eisen has made multiple Block stock sales since July, including 41,000 shares on August 5 and several 6,000-share transactions, indicating a broader pattern of scheduled insider selling.
- Block recently reported quarterly earnings of $1.02 per share, exceeding the $0.48 consensus estimate, while revenue rose 9.3% year over year to $6.62 billion. Analysts maintain a “Moderate Buy” consensus rating with a $94.74 price target.
Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the company's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $78.47, for a total transaction of $470,820.00. Following the completion of the transaction, the director owned 1,548,672 shares of the company's stock, valued at $121,524,291.84. This trade represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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, August 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $83.07, for a total transaction of $498,420.00.
- On Wednesday, August 5th, Anthony Mathew Eisen sold 41,000 shares of Block stock. The shares were sold at an average price of $85.85, for a total transaction of $3,519,850.00.
- On Monday, August 3rd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.52, for a total transaction of $489,120.00.
- On Friday, July 31st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.27, for a total transaction of $493,620.00.
- On Wednesday, July 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.22, for a total transaction of $493,320.00.
- On Monday, July 27th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.88, for a total transaction of $473,280.00.
- On Monday, July 20th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.90, for a total value of $473,400.00.
- On Friday, July 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.13, for a total value of $474,780.00.
- On Monday, July 13th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.35, for a total value of $470,100.00.
- On Friday, July 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.91, for a total value of $473,460.00.
Block Trading Down 0.0%
XYZ opened at $78.96 on Wednesday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.75. The stock has a market cap of $46.99 billion, a PE ratio of 140.99, a PEG ratio of 0.96 and a beta of 2.53. The business has a 50 day moving average of $76.86 and a 200-day moving average of $68.26.
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 the consensus estimate of $0.48 by $0.54. The company had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.Block's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. 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 research analysts predict that Block, Inc. will post 2.49 earnings per share for the current fiscal year.
Analyst Ratings Changes
XYZ has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $95.00 target price on shares of Block in a research report on Thursday, August 6th. KeyCorp lifted their price target on shares of Block from $105.00 to $108.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft raised shares of Block to a "buy" rating in a research note on Tuesday, June 30th. Jefferies Financial Group started coverage on shares of Block in a report on Tuesday, June 30th. They issued a "hold" rating on the stock. Finally, William Blair downgraded shares of Block to a "market perform" rating in a research note on Tuesday, June 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Block has a consensus rating of "Moderate Buy" and a consensus price target of $94.74.
Check Out Our Latest Report on XYZ
Hedge Funds Weigh In On Block
Several institutional investors and hedge funds have recently modified their holdings of XYZ. Sound Income Strategies LLC grew its position in Block by 57.1% during the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company's stock valued at $29,000 after purchasing an additional 161 shares during the last quarter. Elevation Wealth Partners LLC raised its holdings in Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company's stock worth $30,000 after buying an additional 292 shares during the last quarter. Global Assets Advisory LLC purchased a new position in Block in the first quarter worth about $31,000. Rachor Investment Advisory Services LLC purchased a new position in Block in the fourth quarter worth about $32,000. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in shares of Block by 57.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company's stock worth $40,000 after buying an additional 223 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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