Key Points
- Block director Anthony Eisen sold 6,000 shares at an average price of $77.30, generating $463,800; the sale was made under a pre-arranged Rule 10b5-1 plan. He still owns 1,446,672 shares, and has made multiple similar sales recently.
- Block reported quarterly EPS of $1.02, beating the $0.48 consensus estimate, while revenue rose 9.3% year over year to $6.62 billion.
- Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and a $95.42 target price versus the stock’s reported $82.83 opening price.
Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the business's stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $77.30, for a total value of $463,800.00. Following the completion of the transaction, the director owned 1,446,672 shares of the company's stock, valued at $111,827,745.60. This represents a 0.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.51, for a total transaction of $495,060.00.
- On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.58, for a total transaction of $495,480.00.
- On Friday, August 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $85.12, for a total value of $510,720.00.
- On Wednesday, August 26th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.00, for a total transaction of $492,000.00.
- On Monday, August 24th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.48, for a total value of $488,880.00.
- On Friday, August 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $80.04, for a total value of $480,240.00.
- On Wednesday, August 19th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.55, for a total value of $477,300.00.
- On Monday, August 17th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.63, for a total value of $489,780.00.
- On Friday, August 14th, Anthony 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 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.
Block Stock Down 0.6%
XYZ stock opened at $82.83 on Friday. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.92. 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 cap of $49.76 billion, a P/E ratio of 147.91, a PEG ratio of 0.88 and a beta of 2.52. The business's 50-day moving average price is $80.35 and its 200-day moving average price is $71.08.
Block (NYSE:XYZ - Get Free Report) last released its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the company posted $0.62 earnings per share. The company's 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. On average, equities research analysts forecast that Block, Inc. will post 2.72 EPS for the current year.
Hedge Funds Weigh In On Block
Large investors have recently made changes to their positions in the company. Raiffeisen Bank International AG increased its stake in Block by 0.3% in the second quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company's stock worth $3,503,000 after purchasing an additional 148 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Block by 33.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company's stock valued at $46,000 after buying an additional 179 shares in the last quarter. Avior Wealth Management LLC grew its stake in Block by 3.3% in the 2nd quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company's stock worth $462,000 after acquiring an additional 193 shares in the last quarter. Carson Advisory Inc. increased its position in shares of Block by 2.6% during the first quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company's stock worth $484,000 after acquiring an additional 200 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Block by 33.3% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 800 shares of the technology company's stock valued at $58,000 after purchasing an additional 200 shares in the last quarter. 70.44% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
XYZ has been the topic of several recent analyst reports. BTIG Research raised their price objective on shares of Block from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft raised shares of Block to a "buy" rating in a report on Tuesday, June 30th. Clear Str upgraded Block to a "hold" rating in a research note on Thursday, July 16th. Needham & Company LLC boosted their price objective on Block from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $97.00 price objective on shares of Block in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Block has a consensus rating of "Moderate Buy" and a consensus target price of $95.42.
View Our Latest Analysis on Block
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.
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