Key Points
- Block director Anthony Eisen sold 6,000 shares for $445,980 at an average price of $74.33 under a pre-arranged Rule 10b5-1 plan, reducing his position by 0.45% to 1,332,672 shares.
- Eisen has conducted a series of similar 6,000-share sales throughout September, totaling more than $4.6 million in proceeds.
- Block recently reported stronger-than-expected quarterly earnings, with $1.02 EPS and $6.62 billion in revenue, while analysts maintain a “Moderate Buy” consensus and an average price target of $95.42.
Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $74.33, for a total transaction of $445,980.00. Following the sale, the director owned 1,332,672 shares of the company's stock, valued at approximately $99,057,509.76. The trade was a 0.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.20, for a total value of $451,200.00.
- On Friday, September 25th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.90, for a total value of $461,400.00.
- On Wednesday, September 23rd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.67, for a total value of $460,020.00.
- 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 shares were 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 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 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 transaction of $495,060.00.
Block Price Performance
Shares of NYSE:XYZ opened at $74.03 on Friday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $44.48 billion, a PE ratio of 132.20, a P/E/G ratio of 0.77 and a beta of 2.55. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.92. The company has a 50-day moving average price of $79.84 and a two-hundred day moving average price of $73.64.
Block (NYSE:XYZ - Get Free Report) last posted its earnings results 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. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm had revenue of $6.62 billion during the quarter. During the same quarter in the previous year, the business earned $0.62 EPS. Block's revenue for the quarter was up 9.3% on a year-over-year basis. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Equities analysts forecast that Block, Inc. will post 2.74 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. QRG Capital Management Inc. increased its holdings in shares of Block by 13.9% in the second quarter. QRG Capital Management Inc. now owns 122,158 shares of the technology company's stock worth $9,284,000 after purchasing an additional 14,887 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in Block by 10.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,901 shares of the technology company's stock worth $524,000 after buying an additional 676 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Block by 5.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 15,836 shares of the technology company's stock worth $1,204,000 after acquiring an additional 857 shares during the last quarter. Engineers Gate Manager LP increased its stake in Block by 2,575.4% in the 2nd quarter. Engineers Gate Manager LP now owns 571,414 shares of the technology company's stock worth $43,427,000 after acquiring an additional 550,056 shares during the last quarter. Finally, Cidel Asset Management Inc. purchased a new stake in shares of Block in the 2nd quarter valued at about $229,000. 70.44% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have issued reports on XYZ. Wolfe Research boosted their target price on shares of Block from $100.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday, August 25th. Barclays began coverage on Block in a report on Tuesday, July 7th. They issued an "overweight" rating and a $100.00 price target for the company. Citigroup lifted their price target on Block from $100.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, July 16th. Scotiabank assumed coverage on Block in a research note on Wednesday, September 2nd. They set a "sector perform" rating and a $82.00 price objective on the stock. Finally, The Goldman Sachs Group raised Block from a "buy" rating to a "buy" rating in a report on Tuesday, June 30th. 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 stock. According to data from MarketBeat, Block currently has an average rating of "Moderate Buy" and a consensus price target of $95.42.
Read Our Latest Report on Block
About Block
(
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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