Block (NYSE:XYZ) Director Sells 6,000 Shares of Company Stock

Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Eisen sold 6,000 shares of the company's stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $77.84, for a total value of $467,040.00. Following the completion of the transaction, the director directly owned 1,230,672 shares of the company's stock, valued at $95,795,508.48. This represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Anthony Mathew Eisen also recently made the following trade(s):

On Monday, October 26th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.76, for a total transaction of $454,560.00.
On Wednesday, October 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.07, for a total transaction of $474,420.00.
On Monday, October 19th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.58, for a total transaction of $471,480.00.
On Friday, October 16th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $80.43, for a total transaction of $482,580.00.
On Wednesday, October 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.70, for a total transaction of $454,200.00.
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 transaction 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 transaction 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 shares were 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 shares were sold at an average price of $75.61, for a total transaction of $453,660.00.

Block Trading Up 0.5%

Shares of NYSE:XYZ opened at $74.93 on Wednesday. The firm's fifty day moving average is $78.24 and its 200-day moving average is $70.99. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.92.

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Block (NYSE:XYZ - Get Free Report) last issued its quarterly earnings data 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 during the quarter. During the same quarter last year, the company posted $0.62 earnings per share. The firm's revenue was up 9.3% compared to the same quarter last year. 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 expect that Block, Inc. will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

XYZ has been the topic of several recent research reports. Monness Crespi & Hardt lifted their target price on Block from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Robert W. Baird upped their price target on Block from $105.00 to $106.00 and gave the company an "outperform" rating in a research report on Friday, October 2nd. The Goldman Sachs Group raised Block from a "buy" rating to a "buy" rating in a research note on Tuesday, June 30th. Keefe, Bruyette & Woods increased their price target on Block from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Finally, BMO Capital Markets upgraded Block from a "market perform" rating to an "outperform" rating and set a $101.00 price objective for the company in a research report on Thursday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $95.61.

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Get Our Latest Research Report on XYZ

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of XYZ. BlackRock Inc. bought a new stake in shares of Block in the 2nd quarter valued at $621,703,000. Arrowstreet Capital Limited Partnership raised its stake in Block by 528.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company's stock worth $199,153,000 after buying an additional 2,782,523 shares during the last quarter. 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 buying an additional 39,112 shares during the last quarter. Hyperion Asset Management Ltd raised its stake 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 worth $203,897,000 after buying an additional 172,848 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Block by 1.0% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,624,534 shares of the technology company's stock valued at $157,944,000 after buying an additional 25,067 shares during the period. Institutional investors and hedge funds own 70.44% of the company's stock.

Block Company Profile

(Get Free Report)

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.