Key Points
- Block director Anthony Eisen sold 6,000 shares at an average price of $77.84, generating $467,040; the Rule 10b5-1 transaction reduced his position by 0.49% to 1,230,672 shares.
- Eisen has conducted a series of similar 6,000-share sales throughout October, while Block shares recently traded around $74.93, below their 50-day average of $78.24 but above their 200-day average of $70.99.
- Block reported quarterly EPS of $1.02 versus the $0.48 consensus estimate, with revenue up 9.3% year over year. Analysts maintain a consensus “Moderate Buy” rating and a $95.61 price target.
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 26th. The shares were sold at an average price of $75.76, for a total transaction of $454,560.00. Following the transaction, the director owned 1,224,672 shares in the company, valued at $92,781,150.72. This represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 23rd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.84, for a total value of $467,040.00.
- On Wednesday, October 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.07, for a total value of $474,420.00.
- 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 transaction 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 transaction 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 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 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 shares were sold at an average price of $75.61, for a total transaction of $453,660.00.
Block Price Performance
NYSE XYZ opened at $74.93 on Wednesday. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.92. The company's 50-day simple moving average is $78.24 and its 200 day simple moving average is $70.99.
Block (NYSE:XYZ - Get Free Report) last posted its earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.48 by $0.54. The company had revenue of $6.62 billion for the quarter. During the same period in the previous year, the business earned $0.62 EPS. Block's revenue for the quarter 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. On average, equities research analysts forecast that Block, Inc. will post 2.74 EPS for the current year.
Institutional Trading of Block
A number of hedge funds have recently made changes to their positions in XYZ. Ashton Thomas Securities LLC boosted its position in Block by 2.8% during the third quarter. Ashton Thomas Securities LLC now owns 5,885 shares of the technology company's stock worth $433,000 after purchasing an additional 160 shares during the period. Park Avenue Securities LLC raised its position in shares of Block by 5.6% in the third quarter. Park Avenue Securities LLC now owns 13,512 shares of the technology company's stock valued at $994,000 after buying an additional 721 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Block in the 3rd quarter valued at $247,000. Simplicity Wealth LLC lifted its position in Block by 16.0% during the third quarter. Simplicity Wealth LLC now owns 4,694 shares of the technology company's stock worth $345,000 after purchasing an additional 646 shares during the period. Finally, Gibbs Wealth Management raised its position in shares of Block by 20.7% in the 3rd quarter. Gibbs Wealth Management now owns 11,753 shares of the technology company's stock valued at $864,000 after buying an additional 2,019 shares in the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
XYZ has been the subject of a number of research analyst reports. Jefferies Financial Group started coverage on shares of Block in a research note on Tuesday, June 30th. They issued a "hold" rating for the company. Robert W. Baird increased their target price on Block from $105.00 to $106.00 and gave the company an "outperform" rating in a research note on Friday, October 2nd. Truist Financial decreased their price target on shares of Block from $93.00 to $89.00 and set a "buy" rating for the company in a report on Friday. Argus raised their target price on shares of Block from $86.00 to $103.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Finally, Benchmark upgraded Block to a "strong-buy" rating in a report on Thursday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $95.61.
View Our Latest Report on XYZ
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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