Key Points
- Block director Anthony Mathew Eisen sold 6,000 shares at an average price of $78.62, generating $471,720; the transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 0.39%.
- Eisen has conducted multiple recent sales, including a 41,000-share sale on August 5, bringing the disclosed sales detailed in the article to several million dollars.
- Block reported quarterly EPS of $1.02, well above the $0.48 consensus estimate, on $6.62 billion in revenue. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.23, while shares opened at $82.73.
Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the company's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $78.62, for a total transaction of $471,720.00. Following the completion of the transaction, the director owned 1,536,672 shares in the company, valued at approximately $120,813,152.64. The trade was a 0.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Friday, August 14th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.87, for a total transaction of $497,220.00.
- On Monday, August 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.47, for a total value of $470,820.00.
- 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 value 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 value 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 value of $489,120.00.
- On Friday, July 31st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.27, for a total value 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 transaction of $474,780.00.
Block Stock Down 0.4%
Shares of NYSE XYZ opened at $82.73 on Friday. The stock has a market capitalization of $49.24 billion, a price-to-earnings ratio of 147.73, a P/E/G ratio of 0.95 and a beta of 2.53. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $86.75. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The firm's 50-day moving average price is $77.57 and its 200-day moving average price is $68.57.
Block (NYSE:XYZ - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.48 by $0.54. The company had revenue of $6.62 billion for the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. On average, equities research analysts anticipate that Block, Inc. will post 2.65 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on XYZ shares. BTIG Research increased their target price on Block from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. William Blair lowered shares of Block to a "market perform" rating in a research note on Tuesday, June 30th. Susquehanna upped their price target on shares of Block from $90.00 to $100.00 and gave the stock a "positive" rating in a report on Thursday, August 6th. Clear Str raised shares of Block to a "hold" rating in a research note on Thursday, July 16th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $95.00 price objective on shares of Block in a report on Thursday, August 6th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $95.23.
Get Our Latest Report on Block
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Baird Financial Group Inc. purchased a new stake in Block in the second quarter valued at about $1,866,000. Brown Advisory Inc. purchased a new stake in shares of Block during the second quarter worth about $516,000. Jump Financial LLC acquired a new position in shares of Block during the second quarter valued at about $385,000. Federated Hermes Inc. acquired a new position in shares of Block during the second quarter valued at about $53,000. Finally, Cerity Partners LLC acquired a new position in shares of Block during the second quarter valued at about $1,861,000. 70.44% of the stock is 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.
Further Reading
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