Block (NYSE:XYZ) Stock: Insider Anthony Mathew Eisen Sells 6,000 Shares

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the firm's stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $75.70, for a total transaction of $454,200.00. Following the completion of the transaction, the director directly owned 1,272,672 shares in the company, valued at approximately $96,341,270.40. The trade was a 0.47% decrease in their position. The sale was disclosed in a 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.

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Anthony Mathew Eisen also recently made the following trade(s):

• On Monday, October 12th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.97, for a total value of $461,820.00.
• 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 Wednesday, October 7th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.35, for a total value of $452,100.00.
• 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 stock was 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 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 shares were 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 stock was sold at an average price of $77.54, for a total value of $465,240.00.

Block Trading Down 1.3%

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Shares of Block stock opened at $75.84 on Thursday. The stock has a fifty day simple moving average of $78.78 and a 200 day simple moving average of $74.69. 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 $45.57 billion, a P/E ratio of 135.43, a price-to-earnings-growth ratio of 0.80 and a beta of 2.55. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26.

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Block (NYSE:XYZ - Get Free Report) last posted its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.54. The firm 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%. The business's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, sell-side analysts anticipate that Block, Inc. will post 2.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays assumed coverage on shares of Block in a research report on Tuesday, July 7th. They issued an "overweight" rating and a $100.00 price objective for the company. Craig Hallum began coverage on shares of Block in a research note on Tuesday, June 30th. They issued a "buy" rating for the company. Citigroup lifted their target price on shares of Block from $100.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 16th. Clear Str upgraded Block to a "hold" rating in a research note on Thursday, July 16th. Finally, Zacks Research downgraded Block from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 30th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.45.

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View Our Latest Analysis on XYZ

Institutional Investors Weigh In On Block

Several large investors have recently made changes to their positions in XYZ. BlackRock Inc. bought a new position in Block during the second quarter valued at about $621,703,000. Arrowstreet Capital Limited Partnership increased its holdings in Block by 528.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company's stock worth $199,153,000 after buying an additional 2,782,523 shares during the last quarter. J. Stern & Co. LLP increased its holdings in Block by 2,040.0% during the fourth quarter. J. Stern & Co. LLP now owns 2,299,565 shares of the technology company's stock worth $149,679,000 after buying an additional 2,192,110 shares during the last quarter. Contour Asset Management LLC increased its holdings in Block by 30.4% during the fourth 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 during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Block by 372.8% in the second quarter. Assenagon Asset Management S.A. now owns 937,540 shares of the technology company's stock worth $71,253,000 after acquiring an additional 739,264 shares during the period. 70.44% of the stock is owned by hedge funds and other institutional investors.

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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