Key Points
- Block director Anthony Eisen sold 6,000 shares at an average price of $78.39, generating $470,340. The Rule 10b5-1 transaction reduced his holdings by 0.42%, leaving him with 1,416,672 shares.
- Eisen has made a series of similar 6,000-share sales since August 17, with reported sale prices ranging from $77.30 to $85.12.
- Block shares opened at $79.03, while the company recently reported quarterly EPS of $1.02 versus expectations of $0.48. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $95.42.
Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of Block stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $78.39, for a total transaction of $470,340.00. Following the completion of the sale, the director owned 1,416,672 shares of the company's stock, valued at $111,052,918.08. This trade represents a 0.42% decrease in their position. The transaction was disclosed in a legal filing 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 Tuesday, September 8th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.18, for a total value of $493,080.00.
- On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.51, for a total value of $495,060.00.
- On Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.30, for a total value of $463,800.00.
- On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.58, for a total value 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 shares were sold at an average price of $82.00, for a total value 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 shares were 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 stock was sold at an average price of $81.63, for a total transaction of $489,780.00.
Block Stock Down 0.5%
Shares of NYSE:XYZ opened at $79.03 on Friday. The firm has a market capitalization of $47.48 billion, a PE ratio of 141.12, a price-to-earnings-growth ratio of 0.84 and a beta of 2.52. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.92. 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's 50-day moving average is $80.58 and its two-hundred day moving average is $72.01.
Block (NYSE:XYZ - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $6.62 billion during the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 EPS. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Analysts predict that Block, Inc. will post 2.72 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms have commented on XYZ. Craig Hallum started coverage on shares of Block in a research note on Tuesday, June 30th. They issued a "buy" rating for the company. BTIG Research lifted their target price on Block from $90.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, August 6th. The Goldman Sachs Group upgraded Block from a "buy" rating to a "buy" rating in a report on Tuesday, June 30th. Susquehanna boosted 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. Finally, Truist Financial upped their price target on Block from $82.00 to $93.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, Block presently has an average rating of "Moderate Buy" and a consensus price target of $95.42.
View Our Latest Research Report on XYZ
Institutional Investors Weigh In On Block
Several institutional investors have recently modified their holdings of the company. Elevation Wealth Partners LLC grew its stake in shares of Block by 301.0% during the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company's stock worth $30,000 after purchasing an additional 292 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in Block in the first quarter valued at $31,000. Cary Street Partners Investment Advisory LLC raised its stake in 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 buying an additional 223 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in Block in the second quarter valued at $43,000. Finally, Osbon Capital Management LLC purchased a new stake in Block during the 4th quarter worth about $43,000. 70.44% of the stock is owned by hedge funds and other institutional investors.
Block Company Profile
(
Get Free Report)
Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.
Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.
Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.
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