Key Points
- Block director Anthony Eisen sold 6,000 shares on October 5 at an average price of $74.24, generating $445,440. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 1,314,672 shares.
- Eisen has made a series of similar 6,000-share sales since September 10, indicating continued insider selling. Block shares opened at $76.58, with a market capitalization of approximately $46.01 billion.
- Block recently reported quarterly earnings of $1.02 per share, exceeding estimates of $0.48, while revenue rose 9.3% year over year to $6.62 billion. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $95.45.
Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $74.24, for a total transaction of $445,440.00. Following the completion of the sale, the director owned 1,314,672 shares of the company's stock, valued at approximately $97,601,249.28. This represents a 0.45% decrease in their position. 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 Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.61, for a total transaction of $453,660.00.
- On Wednesday, September 30th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.33, for a total transaction of $445,980.00.
- 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 transaction 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 transaction 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 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 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 shares were 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 value of $470,340.00.
Block Trading Up 0.5%
NYSE XYZ opened at $76.58 on Wednesday. The stock has a market capitalization of $46.01 billion, a price-to-earnings ratio of 136.75, a PEG ratio of 0.80 and a beta of 2.55. Block, Inc. has a one year low of $48.21 and a one year high of $86.92. 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 business's fifty day moving average is $79.56 and its 200-day moving average is $73.99.
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. The company 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 quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Equities research analysts predict that Block, Inc. will post 2.74 EPS for the current year.
Institutional Trading of Block
Several hedge funds and other institutional investors have recently modified their holdings of the business. CX Institutional lifted its stake in shares of Block by 6.2% during the 3rd quarter. CX Institutional now owns 7,972 shares of the technology company's stock valued at $586,000 after buying an additional 468 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Block by 13.6% in the 3rd quarter. Versant Capital Management Inc now owns 7,617 shares of the technology company's stock worth $560,000 after buying an additional 914 shares during the period. QRG Capital Management Inc. grew its stake in Block by 13.9% in the 2nd quarter. QRG Capital Management Inc. now owns 122,158 shares of the technology company's stock valued at $9,284,000 after buying an additional 14,887 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Block by 10.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,901 shares of the technology company's stock valued at $524,000 after buying an additional 676 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew 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 valued at $1,204,000 after buying an additional 857 shares in the last quarter. Institutional investors own 70.44% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on XYZ shares. Jefferies Financial Group began coverage on shares of Block in a research report on Tuesday, June 30th. They set a "hold" rating for the company. Citigroup raised their price target on shares of Block from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 16th. BMO Capital Markets lifted their price target on shares of Block from $78.00 to $85.00 and gave the stock a "market perform" rating in a report on Wednesday, July 22nd. Benchmark upgraded Block to a "strong-buy" rating in a research note on Thursday, September 10th. Finally, William Blair lowered Block to a "market perform" rating in a research note on Tuesday, June 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.45.
Check Out Our Latest Analysis on XYZ
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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