Block (NYSE:XYZ) Director Sells 35,000 Shares of Stock

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 35,000 shares of the business's stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $87.50, for a total value of $3,062,500.00. Following the completion of the sale, the director owned 1,177,672 shares of the company's stock, valued at approximately $103,046,300. This trade represents a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

• Block by Block: Cash App Builds a Stronger Foundation

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

• On Wednesday, October 28th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.44, for a total transaction of $446,640.00.
• On Monday, October 26th, Anthony Eisen sold 6,000 shares of Block stock. The stock was 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 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 shares were 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 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 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 transaction 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 transaction of $452,100.00.

Block Stock Performance

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Shares of XYZ opened at $85.58 on Friday. Block, Inc. has a one year low of $48.21 and a one year high of $88.51. The company has a market capitalization of $51.42 billion, a PE ratio of 115.65, a price-to-earnings-growth ratio of 0.81 and a beta of 2.58. The company's fifty day moving average price is $77.92 and its 200 day moving average price is $71.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21.

• SoFi Is Bypassing the Banking Bottleneck With Stablecoin Settlement

Block (NYSE:XYZ - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The technology company reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.45. Block had a return on equity of 8.10% and a net margin of 1.43%. The firm had revenue of $6.72 billion during the quarter. During the same period in the previous year, the firm posted $0.54 earnings per share. The firm's revenue was up 9.9% on a year-over-year basis. As a group, analysts expect that Block, Inc. will post 2.75 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Block during the second quarter worth $621,703,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Block by 18.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,194,419 shares of the technology company's stock worth $234,886,000 after purchasing an additional 494,083 shares during the last quarter. Hyperion Asset Management Ltd increased its stake in Block by 6.9% in the 2nd quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company's stock worth $203,897,000 after purchasing an additional 172,848 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of 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 buying an additional 2,782,523 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Block by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company's stock worth $189,353,000 after buying an additional 39,112 shares during the last quarter. 70.44% of the stock is owned by institutional investors.

Key Headlines Impacting Block

• Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model

Here are the key news stories impacting Block this week:

• Positive Sentiment: Several firms raised price targets, reinforcing expectations for further gains. UBS lifted its target to $105, Raymond James to $100 while maintaining an “outperform” rating, and BMO to $102 with a “market perform” rating. Wells Fargo raised its target to $110 and Barclays to $105, both with “overweight” ratings; Argus raised its target to $105 and maintained “buy.” UBS rating Raymond James rating BMO target update Wells Fargo rating Barclays rating Argus rating
• Positive Sentiment: Block reported better-than-expected earnings, with quarterly EPS of $1.13 versus the $0.68 consensus and revenue growth of 9.9% year over year. Shares subsequently reached a 52-week high, and traders bought a large volume of call options—signals of favorable investor expectations. Earnings and 52-week high Call options activity
• Neutral Sentiment: Rothschild & Co Redburn raised its target from $75 to $85 but kept a “neutral” rating, putting its estimate close to the recent share price. Redburn target update
• Negative Sentiment: Block reportedly made another round of job cuts this year, affecting employees in its Cash App businesses. The reductions may raise concerns about execution or operating pressures despite the recent earnings beat. Report on Block job cuts

Wall Street Analyst Weigh In

XYZ has been the topic of a number of recent analyst reports. Barclays increased their price objective on shares of Block from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Thursday. Weiss Ratings reiterated a "hold (c)" rating on shares of Block in a report on Tuesday. President Capital lifted their price target on Block from $86.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, September 9th. Truist Financial decreased their price target on shares of Block from $93.00 to $89.00 and set a "buy" rating on the stock in a research note on Friday, October 23rd. Finally, BTIG Research restated a "buy" rating and issued a $100.00 price target on shares of Block in a report on Wednesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Block presently has a consensus rating of "Moderate Buy" and a consensus target price of $98.36.

Read Our Latest Stock Analysis on XYZ

About Block

(Get Free Report)

Block, Inc is a financial technology company that provides payment and commerce tools to businesses and financial services for consumers. Its products include Square, a platform offering payment processing, point-of-sale software and related business services, and Cash App, which provides person-to-person payments and other financial features.

The company also owns Afterpay, a buy-now, pay-later service, and TIDAL, a music and entertainment platform. Block serves businesses and consumers in the United States and other markets, with product availability varying by country.

Founded in 2009 as Square by Jack Dorsey and Jim McKelvey, the company adopted the name Block in 2021.

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