Key Points
- Block director Anthony Eisen sold 6,000 shares at an average price of $74.44, generating $446,640. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 1,212,672 shares.
- Eisen has made a series of similar 6,000-share sales since October 5, with total proceeds exceeding $4.5 million across the reported transactions.
- Block reported quarterly EPS of $1.02, beating estimates of $0.48, while revenue rose 9.3% year over year to $6.62 billion. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $95.61 versus the stock’s reported price of $76.96.
Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $74.44, for a total value of $446,640.00. Following the sale, the director owned 1,212,672 shares of the company's stock, valued at approximately $90,271,303.68. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 26th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.76, for a total value of $454,560.00.
- On Friday, October 23rd, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 stock was 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 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.
Block Trading Up 2.3%
NYSE:XYZ opened at $76.96 on Friday. The stock's 50 day moving average price is $78.08 and its 200 day moving average price is $71.05. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.92. The company has a market capitalization of $46.24 billion, a P/E ratio of 25.76, a P/E/G ratio of 0.79 and a beta of 2.55. 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 (NYSE:XYZ - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.54. The firm had revenue of $6.62 billion for the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. Block's revenue was up 9.3% compared to the same quarter last year. During the same period in the previous 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, research analysts forecast that Block, Inc. will post 2.75 EPS for the current fiscal year.
Institutional Investors Weigh In On Block
Several institutional investors and hedge funds have recently added to or reduced their stakes in XYZ. Elevation Wealth Partners LLC boosted its position in Block by 301.0% during the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company's stock worth $30,000 after purchasing an additional 292 shares during the period. Global Assets Advisory LLC acquired a new position in Block during the first quarter valued at approximately $31,000. Ancora Advisors LLC acquired a new position in Block during the second quarter valued at approximately $53,000. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Block by 1,033.3% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 918 shares of the technology company's stock valued at $55,000 after purchasing an additional 837 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of Block in the second quarter valued at approximately $46,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
XYZ has been the topic of several analyst reports. Barclays began coverage on shares of Block in a research note on Tuesday, July 7th. They set an "overweight" rating and a $100.00 price target on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Block from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. TD Cowen upped their price objective on shares of Block from $101.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Argus upped their price objective 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, BTIG Research reissued a "buy" rating and set a $100.00 target price on shares of Block in a research report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have issued a Hold rating to the company's 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 Block
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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