Key Points
- Block director Anthony Mathew Eisen sold 6,000 shares at an average price of $79.55, generating $477,300. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 0.40%.
- Eisen has made multiple recent sales, including nine additional 6,000-share transactions and a 41,000-share sale on August 5, indicating sustained insider selling while retaining approximately 1.51 million shares.
- Block reported quarterly EPS of $1.02, well above the $0.48 consensus estimate, with revenue up 9.3% year over year to $6.62 billion. Analysts maintain a “Moderate Buy” consensus and an average price target of $95.23, versus a recent share price near $80.89.
Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the business's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $79.55, for a total transaction of $477,300.00. Following the sale, the director owned 1,506,672 shares of the company's stock, valued at approximately $119,855,757.60. This represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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, August 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.63, for a total value of $489,780.00.
- 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 value of $497,220.00.
- On Wednesday, August 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.62, for a total value of $471,720.00.
- 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 shares were 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 stock was 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 shares were 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 shares were sold at an average price of $78.88, for a total transaction of $473,280.00.
Block Price Performance
Shares of NYSE:XYZ opened at $80.89 on Thursday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $48.60 billion, a PE ratio of 144.45, a price-to-earnings-growth ratio of 0.89 and a beta of 2.53. The firm's 50 day moving average price is $78.27 and its 200-day moving average price is $68.94. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.75.
Block (NYSE:XYZ - Get Free Report) last announced its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The company had revenue of $6.62 billion during the quarter. During the same quarter last year, the firm posted $0.62 earnings per share. The business's quarterly revenue was up 9.3% compared to the same quarter last year. 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 expect that Block, Inc. will post 2.69 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. UBS Group upped their price objective on Block from $92.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Cantor Fitzgerald reissued an "overweight" rating and set a $95.00 price target on shares of Block in a report on Thursday, August 6th. Zacks Research downgraded Block from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 30th. Royal Bank Of Canada lifted their price objective on Block from $93.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on Block from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $95.23.
Get Our Latest Analysis on XYZ
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Elevation Wealth Partners LLC boosted its holdings in Block by 301.0% in the 2nd 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 period. Global Assets Advisory LLC bought a new stake in Block during the first quarter valued at about $31,000. Rachor Investment Advisory Services LLC bought a new stake in Block during the fourth quarter valued at about $32,000. Cary Street Partners Investment Advisory LLC lifted its position 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 valued at $40,000 after acquiring an additional 223 shares in the last quarter. Finally, Osbon Capital Management LLC purchased a new position in shares of Block in the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 70.44% of the company's stock.
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.
See Also
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].
