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

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $75.70, for a total value of $454,200.00. Following the completion of the sale, the director directly owned 1,272,672 shares in the company, valued at approximately $96,341,270.40. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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, October 12th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.97, for a total value of $461,820.00.
• On Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.75, for a total value of $454,500.00.
• On Wednesday, October 7th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.35, for a total transaction of $452,100.00.
• On Monday, October 5th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.24, for a total transaction of $445,440.00.
• On Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.61, for a total transaction of $453,660.00.
• On Wednesday, September 30th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.33, for a total transaction of $445,980.00.
• On Monday, September 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.20, for a total transaction of $451,200.00.
• On Friday, September 25th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.90, for a total transaction of $461,400.00.
• On Wednesday, September 23rd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.67, for a total transaction of $460,020.00.
• On Monday, September 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.54, for a total value of $465,240.00.

Block Stock Up 5.3%

XYZ stock opened at $79.91 on Friday. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.92. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The company has a market cap of $48.01 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 0.79 and a beta of 2.55. The business’s 50-day simple moving average is $78.79 and its 200 day simple moving average is $74.86.

Block (NYSE:XYZ) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.48 by $0.54. The firm had revenue of $6.62 billion during the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%. The company’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the company earned $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. On average, research analysts anticipate that Block, Inc. will post 2.74 earnings per share for the current year.

Institutional Investors Weigh In On Block

Several large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Block in the 2nd quarter worth approximately $621,703,000. Contour Asset Management LLC boosted its stake in Block by 30.4% in the 4th quarter. Contour Asset Management LLC now owns 4,666,891 shares of the technology company’s stock valued at $303,768,000 after buying an additional 1,088,299 shares in the last quarter. Hyperion Asset Management Ltd boosted its stake in Block by 6.9% in the 2nd quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company’s stock valued at $203,897,000 after buying an additional 172,848 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Block by 528.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock valued at $199,153,000 after acquiring an additional 2,782,523 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Block by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company’s stock worth $189,353,000 after acquiring an additional 39,112 shares in the last quarter. 70.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Robert W. Baird boosted their price objective on Block from $105.00 to $106.00 and gave the company an “outperform” rating in a research report on Friday, October 2nd. Jefferies Financial Group started coverage on Block in a research report on Tuesday, June 30th. They issued a “hold” rating for the company. Monness Crespi & Hardt raised their target price on Block from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Piper Sandler lifted their price target on shares of Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Finally, Oppenheimer reissued an “outperform” rating and issued a $97.00 price target on shares of Block in a report on Thursday, August 6th. Four equities research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $95.39.

About Block

Block, Inc (NYSE:XYZ), formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.

Block’s Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.