Key Points
- Block director Anthony Eisen sold 6,000 shares at an average price of $76.67, generating $460,020. The Rule 10b5-1 transaction reduced his ownership by 0.44%, leaving him with 1,362,672 shares.
- Eisen has made a series of similar 6,000-share sales since late August, indicating a recurring pattern of insider selling under a pre-arranged trading plan.
- Block reported quarterly EPS of $1.02, beating estimates of $0.48, while revenue rose 9.3% year over year to $6.62 billion. Analysts maintain a Moderate Buy consensus with an average price target of $95.42, compared with a recent share price near $74.70.
Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of Block stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $76.67, for a total value of $460,020.00. Following the sale, the director directly owned 1,362,672 shares of the company's stock, valued at approximately $104,476,062.24. The trade was a 0.44% decrease in their ownership of the stock. 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 Monday, September 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $77.54, for a total value of $465,240.00.
- On Friday, September 18th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.55, for a total value of $459,300.00.
- On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The stock was 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 shares were sold at an average price of $78.39, for a total transaction 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 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.
Block Stock Performance
NYSE XYZ opened at $74.70 on Thursday. The firm has a 50-day moving average price of $80.38 and a two-hundred day moving average price of $73.17. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $86.92. The company has a market capitalization of $44.88 billion, a P/E ratio of 133.39, a P/E/G ratio of 0.81 and a beta of 2.52. 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 (NYSE:XYZ - Get Free Report) last announced its earnings results 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 net margin of 1.43% and a return on equity of 8.10%. The company had revenue of $6.62 billion for the quarter. During the same period in the prior year, the business posted $0.62 earnings per share. 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. Analysts anticipate that Block, Inc. will post 2.74 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in XYZ. BlackRock Inc. bought a new stake in Block during the second quarter worth $621,703,000. Capital World Investors increased its stake in shares of Block by 41.8% in the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company's stock valued at $1,042,966,000 after purchasing an additional 4,727,217 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Block by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company's stock valued at $934,121,000 after purchasing an additional 67,560 shares during the last quarter. Norges Bank acquired a new position in shares of Block during the 4th quarter worth $484,387,000. Finally, Contour Asset Management LLC raised its holdings in shares of Block by 30.4% during the 4th quarter. Contour Asset Management LLC now owns 4,666,891 shares of the technology company's stock worth $303,768,000 after buying an additional 1,088,299 shares in the last quarter. 70.44% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have commented on XYZ shares. Keefe, Bruyette & Woods raised their price objective on Block from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. Susquehanna upped their target price on Block from $90.00 to $100.00 and gave the company a "positive" rating in a research report on Thursday, August 6th. Wolfe Research increased their target price on Block from $100.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, August 25th. Scotiabank assumed coverage on Block in a research report on Wednesday, September 2nd. They issued a "sector perform" rating and a $82.00 price target on the stock. Finally, Barclays began coverage on Block in a research note on Tuesday, July 7th. They issued an "overweight" rating and a $100.00 price target for the company. Four investment 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $95.42.
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About Block
(
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.
Further Reading
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