Key Points
- Block director Anthony Eisen sold 6,000 shares at an average price of $75.35, generating $452,100. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 0.46%.
- Eisen has conducted a series of similar sales, selling 6,000 shares in each of at least ten transactions since September 16. He still owned approximately 1.3 million Block shares after the reported sale.
- Block reported quarterly EPS of $1.02, exceeding the $0.48 analyst consensus, while revenue rose 9.3% year over year to $6.62 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $95.45.
Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of Block stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $75.35, for a total value of $452,100.00. Following the completion of the transaction, the director owned 1,302,672 shares of the company's stock, valued at approximately $98,156,335.20. The trade was a 0.46% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.75, for a total value of $454,500.00.
- On Monday, October 5th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.24, for a total value of $445,440.00.
- On Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.61, for a total value of $453,660.00.
- On Wednesday, September 30th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.33, for a total value of $445,980.00.
- On Monday, September 28th, Anthony Eisen sold 6,000 shares of Block stock. The stock was 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 stock was 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 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 stock was 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 shares were sold at an average price of $78.36, for a total transaction of $470,160.00.
Block Trading Up 2.8%
Block stock opened at $77.34 on Friday. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $86.92. 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 $46.46 billion, a price-to-earnings ratio of 138.11, a PEG ratio of 0.79 and a beta of 2.55. The firm has a 50-day moving average price of $79.21 and a two-hundred day moving average price of $74.24.
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 (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter. During the same period last year, the company earned $0.62 earnings per share. The business's quarterly revenue 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. Sell-side analysts expect 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 modified their holdings of the stock. Elevation Wealth Partners LLC boosted its position in shares of Block by 301.0% in the 2nd 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 purchased a new position in Block in the 1st quarter worth about $31,000. Osbon Capital Management LLC acquired a new stake in Block during the 4th quarter worth about $43,000. Meeder Asset Management Inc. acquired a new stake in Block during the 2nd quarter worth about $46,000. Finally, Reflection Asset Management purchased a new stake in Block during the fourth quarter valued at about $50,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. Piper Sandler increased their price target on Block from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Morgan Stanley restated an "overweight" rating on shares of Block in a research note on Wednesday, August 5th. Zacks Research downgraded shares of Block from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 30th. Scotiabank assumed coverage on shares of Block in a research report on Wednesday, September 2nd. They issued a "sector perform" rating and a $82.00 target price for the company. Finally, TD Cowen boosted their price target on shares of Block from $101.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $95.45.
View 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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