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

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $79.55, for a total value of $477,300.00. Following the completion of the transaction, the director owned 1,506,672 shares in the company, valued at $119,855,757.60. This represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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, August 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.63, for a total value of $489,780.00.
• On Friday, August 14th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.87, for a total value of $497,220.00.
• On Wednesday, August 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.62, for a total transaction of $471,720.00.
• On Monday, August 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.47, for a total transaction of $470,820.00.
• On Thursday, August 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $83.07, for a total value of $498,420.00.
• On Wednesday, August 5th, Anthony Mathew Eisen sold 41,000 shares of Block stock. The shares were sold at an average price of $85.85, for a total value of $3,519,850.00.
• On Monday, August 3rd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.52, for a total transaction of $489,120.00.
• On Friday, July 31st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.27, for a total transaction of $493,620.00.
• On Wednesday, July 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.22, for a total value of $493,320.00.
• On Monday, July 27th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.88, for a total value of $473,280.00.

Block Stock Down 1.2%

Shares of NYSE XYZ opened at $79.96 on Friday. The firm’s fifty day moving average is $78.49 and its 200 day moving average is $69.07. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.75. The company has a market cap of $48.04 billion, a price-to-earnings ratio of 142.79, a PEG ratio of 0.90 and a beta of 2.53. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm had revenue of $6.62 billion during the quarter. During the same period last year, the company posted $0.62 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. 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 expect that Block, Inc. will post 2.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of Block from $93.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Susquehanna lifted their price target on Block from $90.00 to $100.00 and gave the company a “positive” rating in a research report on Thursday, August 6th. Needham & Company LLC upped their target price on shares of Block from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. UBS Group raised their price objective on Block from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, TD Cowen raised their price objective on shares of Block from $101.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Block presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.23.

Hedge Funds Weigh In On Block

Several hedge funds and other institutional investors have recently modified their holdings of the company. Allstate Corp boosted its stake in shares of Block by 91.9% during the 4th quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock worth $2,557,000 after acquiring an additional 18,812 shares during the last quarter. National Pension Service increased its stake in shares of Block by 8.4% in the 4th quarter. National Pension Service now owns 833,124 shares of the technology company’s stock worth $54,228,000 after purchasing an additional 64,674 shares in the last quarter. Hsbc Holdings PLC raised its holdings in Block by 7.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock worth $79,749,000 after purchasing an additional 82,446 shares during the period. Mawer Investment Management Ltd. bought a new position in Block in the 4th quarter worth $3,062,000. Finally, Osborne Partners Capital Management LLC lifted its position in Block by 11.0% during the fourth quarter. Osborne Partners Capital Management LLC now owns 230,146 shares of the technology company’s stock valued at $14,980,000 after purchasing an additional 22,868 shares in the last quarter. 70.44% of the stock is owned by institutional investors.

About Block

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.