Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Eisen sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $77.30, for a total transaction of $463,800.00. Following the completion of the transaction, the director directly owned 1,446,672 shares of the company’s stock, valued at approximately $111,827,745.60. This represents a 0.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.51, for a total transaction of $495,060.00.
- On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.58, for a total transaction of $495,480.00.
- On Friday, August 28th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $85.12, for a total transaction of $510,720.00.
- On Wednesday, August 26th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.00, for a total transaction of $492,000.00.
- On Monday, August 24th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.48, for a total transaction of $488,880.00.
- On Friday, August 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.04, for a total value of $480,240.00.
- On Wednesday, August 19th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.55, for a total value of $477,300.00.
- On Monday, August 17th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.63, for a total value of $489,780.00.
- On Friday, August 14th, Anthony 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 Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.62, for a total value of $471,720.00.
Block Stock Down 0.6%
Shares of Block stock opened at $82.83 on Friday. 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, Inc. has a 52-week low of $48.21 and a 52-week high of $86.92. The stock has a market capitalization of $49.76 billion, a price-to-earnings ratio of 147.91, a P/E/G ratio of 0.88 and a beta of 2.52. The company’s 50 day moving average price is $80.35 and its 200-day moving average price is $71.08.
Analyst Ratings Changes
Several equities analysts have recently commented on XYZ shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $95.00 price objective on shares of Block in a research note on Thursday, August 6th. Robert W. Baird set a $105.00 target price on Block in a research note on Thursday, August 6th. TD Cowen upped their price target on Block from $101.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Piper Sandler upped their price target on Block from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Block in a report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Block presently has a consensus rating of “Moderate Buy” and an average target price of $95.42.
Institutional Investors Weigh In On Block
Large investors have recently modified their holdings of the stock. Elevation Wealth Partners LLC raised its stake in Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after buying an additional 292 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of Block in the 1st quarter worth approximately $31,000. Cary Street Partners Investment Advisory LLC boosted its position in shares of Block by 57.6% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after purchasing an additional 223 shares in the last quarter. Osbon Capital Management LLC purchased a new stake in Block in the fourth quarter worth $43,000. Finally, Darwin Wealth Management LLC bought a new position in Block in the second quarter worth $43,000. 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.
Recommended Stories
- Five stocks we like better than Block
- MarketBeat Week in Review – 08/31 – 09/04
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
Receive News & Ratings for Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Block and related companies with MarketBeat.com's FREE daily email newsletter.
