Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of $79.07, for a total value of $474,420.00. Following the completion of the transaction, the director directly owned 1,242,672 shares of the company's stock, valued at approximately $98,258,075.04. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a 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, October 19th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.58, for a total value of $471,480.00.
- On Friday, October 16th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $80.43, for a total value of $482,580.00.
- On Wednesday, October 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.70, for a total value 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 value of $461,820.00.
- On Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 shares were 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 shares were 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 stock was 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 transaction of $451,200.00.
Block Price Performance
Shares of NYSE:XYZ opened at $78.98 on Friday. The company has a market capitalization of $47.45 billion, a P/E ratio of 141.03, a price-to-earnings-growth ratio of 0.81 and a beta of 2.55. The company's 50-day moving average is $78.63 and its 200 day moving average is $75.52. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $86.92.
Block (NYSE:XYZ - Get Free Report) last posted 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. The business 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business 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. On average, equities research analysts forecast that Block, Inc. will post 2.75 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on XYZ shares. Royal Bank Of Canada restated an "outperform" rating and set a $95.00 price target on shares of Block in a research note on Wednesday. Piper Sandler upped their price objective on Block from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Keefe, Bruyette & Woods increased their price objective on Block from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. Benchmark raised Block to a "strong-buy" rating in a research report on Thursday, September 10th. Finally, Citigroup boosted their target price on Block from $100.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Block currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.06.
Get Our Latest Analysis on Block
Hedge Funds Weigh In On Block
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NovaPoint Capital LLC increased its stake in Block by 3.9% in the 3rd quarter. NovaPoint Capital LLC now owns 3,630 shares of the technology company's stock worth $267,000 after acquiring an additional 137 shares during the last quarter. Raiffeisen Bank International AG raised its position in Block by 0.3% during the second quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company's stock valued at $3,503,000 after purchasing an additional 148 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in Block by 1.5% during the third quarter. Crossmark Global Holdings Inc. now owns 11,888 shares of the technology company's stock valued at $874,000 after purchasing an additional 175 shares in the last quarter. Avior Wealth Management LLC raised its position in Block by 3.3% during the second quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company's stock valued at $462,000 after purchasing an additional 193 shares in the last quarter. Finally, Carson Advisory Inc. lifted its position in Block by 2.6% in the 1st quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company's stock worth $484,000 after buying an additional 200 shares during the last quarter. 70.44% of the stock is currently owned by hedge funds and other institutional investors.
About Block
(
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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