Insider Selling: Block (NYSE:XYZ) Director Sells $480,240.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $80.04, for a total value of $480,240.00. Following the transaction, the director owned 1,494,672 shares in the company, valued at approximately $119,633,546.88. This represents a 0.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 24th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.48, for a total value of $488,880.00.
• On Wednesday, August 19th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.55, for a total value of $477,300.00.
• 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 shares were 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 value of $471,720.00.
• On Monday, August 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were 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 transaction of $498,420.00.
• On Wednesday, August 5th, Anthony Mathew Eisen sold 41,000 shares of Block stock. The stock was sold at an average price of $85.85, for a total transaction 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 transaction of $489,120.00.
• On Friday, July 31st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.27, for a total transaction of $493,620.00.

Block Price Performance

Shares of NYSE XYZ opened at $83.28 on Thursday. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The company’s 50-day moving average is $79.26 and its 200 day moving average is $69.79. The stock has a market capitalization of $50.03 billion, a P/E ratio of 148.71, a P/E/G ratio of 0.92 and a beta of 2.53.

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

Analyst Ratings Changes

Several research firms recently weighed in on XYZ. Citigroup lifted their price target on Block from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft raised Block to a “buy” rating in a research report on Tuesday, June 30th. Monness Crespi & Hardt boosted their target price on shares of Block from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 7th. William Blair downgraded shares of Block to a “market perform” rating in a research report on Tuesday, June 30th. Finally, Barclays assumed coverage on shares of Block in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.84.

Institutional Trading of Block

Several institutional investors have recently added to or reduced their stakes in XYZ. California State Teachers Retirement System raised its stake in shares of Block by 6,740.0% in the second quarter. California State Teachers Retirement System now owns 54,852,088 shares of the technology company’s stock worth $4,168,759,000 after purchasing an additional 54,050,161 shares during the last quarter. BlackRock Inc. bought a new stake in Block in the 2nd quarter worth about $621,703,000. Capital World Investors raised its position in Block by 41.8% in the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock worth $1,042,966,000 after buying an additional 4,727,217 shares during the last quarter. Geode Capital Management LLC raised its position in Block by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock worth $934,121,000 after buying an additional 67,560 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new position in Block during the 2nd quarter valued at about $535,305,000. 70.44% of the stock is currently owned by hedge funds and other 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.