Key Points
- Block director Anthony Mathew Eisen sold 6,000 shares on August 26 at an average price of $82, generating $492,000. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, and he retained 1,476,672 shares.
- Eisen has made a series of recent sales, including multiple 6,000-share transactions and a 41,000-share sale on August 5, indicating substantial ongoing insider selling.
- Block reported quarterly EPS of $1.02, exceeding the $0.48 analyst consensus, while revenue rose 9.3% year over year to $6.62 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.84.
Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $82.00, for a total value of $492,000.00. Following the sale, the director directly owned 1,476,672 shares in the company, valued at $121,087,104. This represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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, August 24th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.48, for a total value of $488,880.00.
- On Friday, August 21st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.04, for a total value of $480,240.00.
- On Wednesday, August 19th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.55, for a total value of $477,300.00.
- 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 shares were 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 shares were 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 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 stock was 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 transaction of $489,120.00.
Block Price Performance
NYSE:XYZ opened at $84.89 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The firm has a market cap of $51.00 billion, a price-to-earnings ratio of 151.59, a price-to-earnings-growth ratio of 0.93 and a beta of 2.53. The company has a 50 day moving average price of $79.46 and a 200-day moving average price of $69.99. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92.
Block (NYSE:XYZ - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm had revenue of $6.62 billion for the quarter. During the same period last year, the company posted $0.62 earnings per share. The business's quarterly revenue was up 9.3% on a year-over-year basis. 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 forecast that Block, Inc. will post 2.69 EPS for the current year.
Institutional Trading of Block
Several institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System raised its stake in shares of Block by 6,740.0% in the 2nd quarter. California State Teachers Retirement System now owns 54,852,088 shares of the technology company's stock valued at $4,168,759,000 after acquiring an additional 54,050,161 shares during the period. BlackRock Inc. purchased a new stake in Block during the second quarter worth about $621,703,000. Capital World Investors lifted its position in shares of Block by 41.8% during the fourth quarter. Capital World Investors now owns 16,023,441 shares of the technology company's stock worth $1,042,966,000 after purchasing an additional 4,727,217 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Block by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company's stock worth $934,121,000 after purchasing an additional 67,560 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Block during the second quarter worth about $535,305,000. 70.44% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have issued reports on XYZ. BMO Capital Markets increased their price target on Block from $78.00 to $85.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 22nd. Susquehanna upped their target price on Block from $90.00 to $100.00 and gave the stock a "positive" rating in a research note on Thursday, August 6th. Citigroup upped their target price on Block from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 16th. Monness Crespi & Hardt increased their price objective on shares of Block from $115.00 to $125.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, Clear Str raised Block to a "hold" rating in a research note on Thursday, July 16th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Block presently has an average rating of "Moderate Buy" and a consensus target price of $95.84.
View Our Latest Research Report on Block
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.
Further Reading
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