Block (NYSE:XYZ) Director Sells $454,200.00 in Stock

by · The Cerbat Gem

Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Eisen sold 6,000 shares of the company’s stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $75.70, for a total value of $454,200.00. Following the sale, the director owned 1,272,672 shares of the company’s stock, valued at approximately $96,341,270.40. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 Monday, October 12th, Anthony Eisen sold 6,000 shares of Block stock. The stock was 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 stock was 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 value of $452,100.00.
  • On Monday, October 5th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.24, for a total value of $445,440.00.
  • On Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 stock was 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 stock was 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 shares were sold at an average price of $77.54, for a total transaction of $465,240.00.

Block Stock Down 2.4%

XYZ opened at $77.88 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92. The company has a market capitalization of $46.79 billion, a PE ratio of 139.07, a PEG ratio of 0.83 and a beta of 2.55. The firm’s 50 day simple moving average is $78.77 and its two-hundred day simple moving average is $74.88.

Block (NYSE:XYZ – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.54. The business had revenue of $6.62 billion for the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, equities analysts forecast that Block, Inc. will post 2.74 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Block in the 2nd quarter worth $621,703,000. Contour Asset Management LLC raised its holdings in Block by 30.4% during the fourth quarter. Contour Asset Management LLC now owns 4,666,891 shares of the technology company’s stock valued at $303,768,000 after acquiring an additional 1,088,299 shares during the period. Hyperion Asset Management Ltd raised its holdings in Block by 6.9% during the second quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company’s stock valued at $203,897,000 after acquiring an additional 172,848 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Block by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company’s stock valued at $189,353,000 after acquiring an additional 39,112 shares in the last quarter. Institutional investors own 70.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on XYZ shares. Wolfe Research raised their target price on Block from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Benchmark raised Block to a “strong-buy” rating in a report on Thursday, September 10th. BMO Capital Markets upped their price target on Block from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 22nd. Monness Crespi & Hardt upped their price target on Block from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Block in a research note on Friday, September 25th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.39.

Get Our Latest Stock Analysis on Block

About Block

(Get Free Report)

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.

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