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

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $74.01, for a total value of $444,060.00. Following the transaction, the director owned 1,940,672 shares in the company, valued at $143,629,134.72. This represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, June 22nd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.28, for a total value of $445,680.00.
• On Wednesday, June 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.10, for a total value of $444,600.00.
• On Monday, June 15th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $72.26, for a total value of $433,560.00.
• On Friday, June 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $69.78, for a total value of $418,680.00.
• On Wednesday, June 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $66.64, for a total value of $399,840.00.
• On Monday, June 8th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $68.22, for a total value of $409,320.00.
• 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 transaction of $10,426,957.50.

Block Trading Up 4.6%

Shares of Block stock opened at $75.67 on Thursday. The firm has a market capitalization of $45.04 billion, a PE ratio of 59.12, a price-to-earnings-growth ratio of 0.94 and a beta of 2.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99. The company’s fifty day moving average price is $71.20 and its two-hundred day moving average price is $64.95. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $82.50.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Morgan Stanley raised their price target on shares of Block from $96.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Rothschild & Co Redburn raised Block from a “sell” rating to a “neutral” rating and increased their target price for the stock from $45.00 to $55.00 in a report on Wednesday, March 18th. Needham & Company LLC raised their target price on Block from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. BMO Capital Markets began coverage on Block in a research note on Tuesday, April 21st. They issued a “market perform” rating and a $74.00 price target on the stock. Finally, Cantor Fitzgerald boosted their price target on Block from $78.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Four research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.42.

Institutional Trading of Block

Several hedge funds have recently modified their holdings of the company. Baird Financial Group Inc. bought a new stake in Block during the 2nd quarter worth approximately $1,866,000. Brown Advisory Inc. bought a new position in Block in the 2nd quarter valued at $516,000. Jump Financial LLC acquired a new position in Block in the second quarter worth $385,000. Federated Hermes Inc. acquired a new position in Block in the second quarter worth $53,000. Finally, Cerity Partners LLC bought a new stake in shares of Block during the second quarter worth $1,861,000. Institutional investors and hedge funds 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.