Insider Selling: Block (NYSE:XYZ) Director Sells $459,300.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the stock in a transaction on Friday, September 18th. The stock was sold at an average price of $76.55, for a total transaction of $459,300.00. Following the transaction, the director directly owned 1,380,672 shares in the company, valued at approximately $105,690,441.60. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing 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 Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.36, for a total transaction of $470,160.00.
• On Monday, September 14th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.96, for a total transaction of $473,760.00.
• On Thursday, September 10th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.39, for a total transaction of $470,340.00.
• On Tuesday, September 8th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.18, for a total value of $493,080.00.
• 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 value of $495,060.00.
• On Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $77.30, for a total value of $463,800.00.
• On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.58, for a total value 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 value 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 value of $492,000.00.
• On Monday, August 24th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.48, for a total value of $488,880.00.

Block Stock Down 0.3%

Shares of NYSE:XYZ traded down $0.21 during trading on Friday, reaching $76.26. 5,969,650 shares of the stock were exchanged, compared to its average volume of 6,384,224. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92. The stock has a fifty day moving average of $80.61 and a two-hundred day moving average of $72.84. 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 firm has a market cap of $45.82 billion, a price-to-earnings ratio of 136.18, a price-to-earnings-growth ratio of 0.80 and a beta of 2.52.

Block (NYSE:XYZ) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating 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 revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 EPS. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Research analysts anticipate that Block, Inc. will post 2.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

XYZ has been the topic of several recent research reports. Scotiabank started coverage on shares of Block in a research report on Wednesday, September 2nd. They issued a “sector perform” rating and a $82.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised Block to a “buy” rating in a report on Tuesday, June 30th. Monness Crespi & Hardt raised their target price on Block from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 7th. Zacks Research cut Block from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group upgraded Block from a “buy” rating to a “buy” rating in a report on Tuesday, June 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

Institutional Investors Weigh In On Block

A number of institutional investors have recently added to or reduced their stakes in XYZ. Allstate Corp grew its holdings in shares of Block by 91.9% in the fourth quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock valued at $2,557,000 after acquiring an additional 18,812 shares in the last quarter. National Pension Service lifted its holdings in Block by 8.4% during the fourth quarter. National Pension Service now owns 833,124 shares of the technology company’s stock worth $54,228,000 after acquiring an additional 64,674 shares during the period. Hsbc Holdings PLC lifted its holdings in Block by 7.2% during the fourth quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock worth $79,749,000 after acquiring an additional 82,446 shares during the period. Jones Financial Companies Lllp purchased a new position in Block in the second quarter worth $366,000. Finally, Mawer Investment Management Ltd. purchased a new position in Block in the fourth quarter worth $3,062,000. 70.44% of the stock is owned by institutional investors.

About Block

Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.

Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.

Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.