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 stock in a transaction on Monday, August 10th. The stock was sold at an average price of $78.47, for a total transaction of $470,820.00. Following the completion of the transaction, the director directly owned 1,548,672 shares in the company, valued at $121,524,291.84. The trade was a 0.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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, August 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $83.07, for a total transaction 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 stock was sold at an average price of $81.52, for a total value 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 value of $493,620.00.
• On Wednesday, July 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were 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.
• On Monday, July 20th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.90, for a total value of $473,400.00.
• On Friday, July 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.13, for a total value of $474,780.00.
• On Monday, July 13th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.35, for a total value of $470,100.00.
• On Friday, July 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.91, for a total transaction of $473,460.00.

Block Trading Down 0.0%

XYZ stock opened at $78.96 on Wednesday. The company has a market capitalization of $46.99 billion, a PE ratio of 140.99, a price-to-earnings-growth ratio of 0.96 and a beta of 2.53. Block, Inc. has a one year low of $48.21 and a one year high of $86.75. The company’s 50 day moving average price is $76.86 and its two-hundred day moving average price is $68.26. 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 (NYSE:XYZ) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The company had revenue of $6.62 billion during the quarter. During the same period last year, the company posted $0.62 EPS. Block’s revenue for the quarter 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. As a group, analysts predict that Block, Inc. will post 2.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Block

Hedge funds have recently modified their holdings of the company. Baird Financial Group Inc. purchased a new position in Block during the 2nd quarter valued at about $1,866,000. Brown Advisory Inc. purchased a new stake in Block in the 2nd quarter worth approximately $516,000. Jump Financial LLC bought a new stake in shares of Block in the 2nd quarter worth approximately $385,000. Federated Hermes Inc. bought a new stake in shares of Block in the 2nd quarter worth approximately $53,000. Finally, Cerity Partners LLC purchased a new position in shares of Block during the second quarter valued at approximately $1,861,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. KeyCorp lifted their price objective on Block from $105.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Keefe, Bruyette & Woods increased their target price on Block from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. William Blair lowered Block to a “market perform” rating in a research report on Tuesday, June 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $97.00 price target on shares of Block in a research note on Thursday, August 6th. Finally, Susquehanna boosted their price objective on Block from $90.00 to $100.00 and gave the company a “positive” rating in a research report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.74.

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.