Key Points
- Block director Anthony Mathew Eisen sold 6,000 shares at an average price of $75.20, generating $451,200. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 1,344,672 shares.
- Eisen has made a series of similar 6,000-share sales throughout September, while Block shares opened at $73.32 and were trading 4.1% lower. The stock’s market capitalization is approximately $44.05 billion.
- Block recently exceeded earnings expectations, reporting $1.02 in quarterly EPS versus the $0.48 consensus estimate and $6.62 billion in revenue. Analysts maintain a Moderate Buy consensus 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 that occurred on Monday, September 28th. The stock was sold at an average price of $75.20, for a total value of $451,200.00. Following the transaction, the director directly owned 1,344,672 shares in the company, valued at approximately $101,119,334.40. This trade represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Friday, September 25th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.90, for a total transaction of $461,400.00.
- On Wednesday, September 23rd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.67, for a total transaction of $460,020.00.
- On Monday, September 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.54, for a total transaction of $465,240.00.
- On Friday, September 18th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.55, for a total transaction 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 transaction 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 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 shares were sold at an average price of $77.30, for a total transaction of $463,800.00.
Block Trading Down 4.1%
XYZ stock opened at $73.32 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The company's 50-day simple moving average is $80.09 and its 200 day simple moving average is $73.37. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.92. The company has a market capitalization of $44.05 billion, a PE ratio of 130.93, a price-to-earnings-growth ratio of 0.80 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 earnings per share for the quarter, topping 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%. Block's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $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. As a group, sell-side analysts anticipate that Block, Inc. will post 2.74 earnings per share for the current year.
Institutional Trading of Block
A number of hedge funds have recently made changes to their positions in XYZ. Raiffeisen Bank International AG increased its holdings in shares of Block by 0.3% in the 2nd quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company's stock worth $3,503,000 after buying an additional 148 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of 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 lifted its holdings in shares of Block by 3.3% during 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 during the last quarter. Carson Advisory Inc. lifted its holdings in shares of Block by 2.6% during the 1st 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 last quarter. Finally, Ellevest Inc. grew its position in Block by 4.9% in the fourth quarter. Ellevest Inc. now owns 5,288 shares of the technology company's stock worth $344,000 after acquiring an additional 245 shares in the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently weighed in on XYZ shares. Clear Str upgraded Block to a "hold" rating in a research report on Thursday, July 16th. The Goldman Sachs Group raised shares of Block from a "buy" rating to a "buy" rating in a research note on Tuesday, June 30th. Monness Crespi & Hardt raised their target price on Block from $115.00 to $125.00 and gave the company a "buy" rating in a report on Friday, August 7th. Benchmark upgraded Block to a "strong-buy" rating in a research note on Thursday, September 10th. Finally, Keefe, Bruyette & Woods boosted their price target on Block from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $95.42.
Read Our Latest Stock Analysis on XYZ
Block Company Profile
(
Get Free Report)
Block, Inc (NYSE:XYZ), formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.
Block's Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.
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