Block (NYSE:XYZ) Director Anthony Mathew Eisen Sells 6,000 Shares

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $68.22, for a total value of $409,320.00. Following the completion of the transaction, the director owned 2,002,990 shares of the company’s stock, valued at $136,643,977.80. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 Thursday, June 4th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $70.84, for a total value of $425,040.00.
• On Monday, June 1st, Anthony Mathew Eisen sold 135,750 shares of Block stock. The stock was sold at an average price of $76.81, for a total value of $10,426,957.50.

Block Price Performance

XYZ opened at $69.86 on Tuesday. The stock has a market capitalization of $41.58 billion, a P/E ratio of 54.58, a PEG ratio of 0.88 and a beta of 2.56. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $82.50. The stock has a 50-day moving average price of $68.38 and a 200-day moving average price of $64.18. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The business had revenue of $6.06 billion for the quarter. During the same quarter in the previous year, the business earned $0.56 earnings per share. Block’s revenue was up 4.9% compared to the same quarter last year. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Equities analysts predict that Block, Inc. will post 2.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

XYZ has been the topic of several recent research reports. Raymond James Financial upgraded Block to a “moderate buy” rating in a research report on Friday, February 27th. Needham & Company LLC raised their price target on Block from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Morgan Stanley raised their price target on Block from $96.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Arete Research upgraded Block from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Finally, Wall Street Zen raised Block from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $85.42.

Institutional Trading of Block

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XYZ. Parallel Advisors LLC lifted its stake in shares of Block by 49.6% in the 1st quarter. Parallel Advisors LLC now owns 10,978 shares of the technology company’s stock valued at $661,000 after purchasing an additional 3,638 shares during the period. Wellington Grp LLC lifted its stake in shares of Block by 43.0% in the 1st quarter. Wellington Grp LLC now owns 6,632 shares of the technology company’s stock valued at $399,000 after purchasing an additional 1,993 shares during the period. Arete Wealth Advisors LLC lifted its stake in shares of Block by 159.0% in the 1st quarter. Arete Wealth Advisors LLC now owns 10,521 shares of the technology company’s stock valued at $633,000 after purchasing an additional 6,459 shares during the period. Centaurus Financial Inc. lifted its stake in shares of Block by 15.8% in the 1st quarter. Centaurus Financial Inc. now owns 11,437 shares of the technology company’s stock valued at $688,000 after purchasing an additional 1,559 shares during the period. Finally, Ashton Thomas Securities LLC lifted its stake in shares of Block by 7.9% in the 1st quarter. Ashton Thomas Securities LLC now owns 5,101 shares of the technology company’s stock valued at $307,000 after purchasing an additional 373 shares during the period. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Block Company Profile

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.