Key Points
- Block director Anthony Eisen sold 6,000 shares at an average price of $78.96, totaling $473,760. The sale was made under a pre-arranged Rule 10b5-1 trading plan, reducing his stake by 0.43% to 1,404,672 shares.
- Eisen has conducted a series of similar 6,000-share sales since August 19, with the reported transactions totaling several million dollars.
- Block recently reported quarterly EPS of $1.02, exceeding the $0.48 consensus estimate, while revenue rose 9.3% year over year to $6.62 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $95.42, compared with a recent share price near $78.36.
Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the company's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $78.96, for a total value of $473,760.00. Following the completion of the sale, the director owned 1,404,672 shares of the company's stock, valued at $110,912,901.12. This represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Thursday, September 10th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.39, for a total value of $470,340.00.
- On Tuesday, September 8th, Anthony Eisen sold 6,000 shares of Block stock. The stock was 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 shares were 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 shares were sold at an average price of $77.30, for a total transaction of $463,800.00.
- 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 transaction 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 transaction of $492,000.00.
- On Monday, August 24th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.48, for a total transaction 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 transaction of $480,240.00.
- On Wednesday, August 19th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.55, for a total transaction of $477,300.00.
Block Price Performance
Shares of XYZ stock opened at $78.36 on Wednesday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $86.92. The firm has a fifty day moving average of $80.62 and a 200-day moving average of $72.59. The firm has a market capitalization of $47.08 billion, a price-to-earnings ratio of 139.93, a price-to-earnings-growth ratio of 0.83 and a beta of 2.52.
Block (NYSE:XYZ - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The business had revenue of $6.62 billion for the quarter. During the same period in the previous year, the business posted $0.62 EPS. 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. On average, equities research analysts forecast that Block, Inc. will post 2.74 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on XYZ. The Goldman Sachs Group upgraded Block from a "buy" rating to a "buy" rating in a research report on Tuesday, June 30th. Rosenblatt Securities set a $100.00 price target on shares of Block 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 company a "positive" rating in a report on Thursday, August 6th. Canaccord Genuity Group increased their price objective on shares of Block from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Block from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Block currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.42.
View Our Latest Report on Block
Institutional Investors Weigh In On Block
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC increased its position in shares of Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company's stock valued at $30,000 after acquiring an additional 292 shares during the last quarter. Global Assets Advisory LLC acquired a new position in Block during the first quarter valued at approximately $31,000. Cary Street Partners Investment Advisory LLC boosted its position in Block by 57.6% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company's stock valued at $40,000 after purchasing an additional 223 shares during the last quarter. Osbon Capital Management LLC bought a new position in Block in the fourth quarter valued at approximately $43,000. Finally, EverSource Wealth Advisors LLC grew its stake in Block by 33.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company's stock valued at $46,000 after purchasing an additional 179 shares in the last quarter. 70.44% of the stock is owned by 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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