Key Points
- Block Director Anthony Eisen sold 6,000 shares at an average price of $78.58, totaling $471,480, under a pre-arranged Rule 10b5-1 plan. He retained 1,254,672 shares valued at approximately $98.6 million.
- Eisen has conducted a series of similar 6,000-share sales since late September, indicating repeated insider selling while Block shares traded between roughly $74 and $80.
- Block reported quarterly revenue of $6.62 billion, up 9.3% year over year, and earnings of $1.02 per share versus analysts’ $0.48 estimate. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $95.39.
Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the firm's stock in a transaction on Monday, October 19th. The shares were sold at an average price of $78.58, for a total value of $471,480.00. Following the transaction, the director owned 1,254,672 shares of the company's stock, valued at $98,592,125.76. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, October 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.43, for a total transaction of $482,580.00.
- On Wednesday, October 14th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.70, for a total transaction of $454,200.00.
- 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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.
Block Stock Down 0.5%
XYZ stock opened at $77.48 on Tuesday. The stock has a market capitalization of $46.55 billion, a P/E ratio of 26.67, a P/E/G ratio of 0.81 and a beta of 2.55. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92. The business has a fifty day moving average price of $78.74 and a 200-day moving average price of $75.12.
Block (NYSE:XYZ - Get Free Report) last issued its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share 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 firm posted $0.62 EPS. Block'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. Equities analysts forecast that Block, Inc. will post 2.74 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts recently commented on XYZ shares. Clear Str raised shares of Block to a "hold" rating in a research note on Thursday, July 16th. Oppenheimer reissued an "outperform" rating and issued a $97.00 price objective on shares of Block in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Block to a "buy" rating in a research note on Tuesday, June 30th. Benchmark raised shares of Block to a "strong-buy" rating in a research report on Thursday, September 10th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Block in a research report on Wednesday, August 5th. Four 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $95.39.
View Our Latest Stock Analysis on XYZ
Hedge Funds Weigh In On Block
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Block in the second quarter valued at about $621,703,000. Hyperion Asset Management Ltd lifted its stake in Block by 6.9% in the second quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company's stock worth $203,897,000 after acquiring an additional 172,848 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Block by 528.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company's stock worth $199,153,000 after acquiring an additional 2,782,523 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Block by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company's stock worth $189,353,000 after acquiring an additional 39,112 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Block by 1.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,624,534 shares of the technology company's stock valued at $157,944,000 after purchasing an additional 25,067 shares during the period. Institutional investors own 70.44% of the company's stock.
Block Company Profile
(
Get Free Report)
Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.
Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.
For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.
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