Key Points
- Block director Anthony Mathew Eisen sold 6,000 shares at an average price of $76.55, generating $459,300. The transaction was made under a pre-arranged Rule 10b5-1 plan, leaving him with 1,380,672 shares.
- Eisen has made a series of similar 6,000-share sales since August 24, totaling 66,000 shares across the disclosed transactions.
- Block recently reported stronger-than-expected quarterly earnings, with $1.02 EPS versus the $0.48 consensus estimate and revenue up 9.3% year over year. 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 the business's stock in a transaction on Friday, September 18th. The stock was sold at an average price of $76.55, for a total value of $459,300.00. Following the transaction, the director owned 1,380,672 shares in the company, valued at approximately $105,690,441.60. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.36, for a total value of $470,160.00.
- On Monday, September 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.96, for a total value of $473,760.00.
- 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 shares were sold at an average price of $82.18, for a total transaction 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 transaction 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 transaction 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 transaction of $495,480.00.
- On Friday, August 28th, Anthony Eisen sold 6,000 shares of Block stock. The stock was 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 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 shares were sold at an average price of $81.48, for a total transaction of $488,880.00.
Block Price Performance
NYSE XYZ opened at $76.26 on Friday. The company has a market cap of $45.82 billion, a price-to-earnings ratio of 136.18, a PEG ratio of 0.80 and a beta of 2.52. 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 stock's fifty day moving average price is $80.59 and its 200 day moving average price is $72.86. 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 posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating 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 quarter in the previous year, the firm posted $0.62 EPS. The firm's revenue for the quarter 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. As a group, equities research analysts forecast that Block, Inc. will post 2.74 earnings per share for the current year.
Hedge Funds Weigh In On Block
A number of hedge funds have recently bought and sold shares of XYZ. Elevation Wealth Partners LLC grew its holdings in 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 purchasing an additional 292 shares during the period. Global Assets Advisory LLC acquired a new position in shares of Block during the 1st quarter worth approximately $31,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of Block by 57.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company's stock worth $40,000 after buying an additional 223 shares during the period. Osbon Capital Management LLC purchased a new position in shares of Block during the 4th quarter valued at approximately $43,000. Finally, Ancora Advisors LLC purchased a new position in shares of Block during the 2nd quarter valued at approximately $53,000. Hedge funds and other institutional investors own 70.44% of the company's stock.
Analyst Ratings Changes
XYZ has been the subject of a number of recent research reports. William Blair lowered shares of Block to a "market perform" rating in a research report on Tuesday, June 30th. Scotiabank assumed coverage on shares of Block in a report on Wednesday, September 2nd. They issued a "sector perform" rating and a $82.00 price objective on the stock. Piper Sandler increased their price objective on shares of Block from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. BTIG Research raised their target price on shares of Block from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Block in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, Block currently has a consensus rating of "Moderate Buy" and an average target price of $95.42.
Check Out Our Latest Analysis on Block
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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