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

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $74.01, for a total transaction of $444,060.00. Following the completion of the transaction, the director directly owned 1,940,672 shares in the company, valued at $143,629,134.72. This trade represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, June 22nd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.28, for a total transaction of $445,680.00.
• On Wednesday, June 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.10, for a total transaction of $444,600.00.
• On Monday, June 15th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $72.26, for a total transaction of $433,560.00.
• On Friday, June 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $69.78, for a total value of $418,680.00.
• On Wednesday, June 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $66.64, for a total value of $399,840.00.
• On Monday, June 8th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $68.22, for a total value of $409,320.00.
• On Thursday, June 4th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $70.84, for a total value of $425,040.00.
• On Monday, June 1st, Anthony Mathew Eisen sold 135,750 shares of Block stock. The stock was sold at an average price of $76.81, for a total value of $10,426,957.50.

Block Trading Down 2.1%

NYSE:XYZ opened at $74.11 on Friday. The company has a market capitalization of $44.11 billion, a PE ratio of 57.90, a P/E/G ratio of 0.98 and a beta of 2.56. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $82.50. The stock’s 50 day moving average price is $71.36 and its 200 day moving average price is $65.05. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.55. The business had revenue of $6.06 billion during the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.Block’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 earnings per share. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, research analysts anticipate that Block, Inc. will post 2.42 EPS for the current year.

Institutional Trading of Block

Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC grew its holdings in Block by 49.6% during the first quarter. Parallel Advisors LLC now owns 10,978 shares of the technology company’s stock worth $661,000 after acquiring an additional 3,638 shares during the period. Wellington Grp LLC lifted its holdings in Block by 43.0% in the first quarter. Wellington Grp LLC now owns 6,632 shares of the technology company’s stock valued at $399,000 after acquiring an additional 1,993 shares during the period. Arete Wealth Advisors LLC boosted its position in shares of Block by 159.0% during the 1st quarter. Arete Wealth Advisors LLC now owns 10,521 shares of the technology company’s stock worth $633,000 after purchasing an additional 6,459 shares in the last quarter. Centaurus Financial Inc. boosted its position in shares of Block by 15.8% during the 1st quarter. Centaurus Financial Inc. now owns 11,437 shares of the technology company’s stock worth $688,000 after purchasing an additional 1,559 shares in the last quarter. Finally, Ashton Thomas Securities LLC boosted its position in shares of Block by 7.9% during the 1st quarter. Ashton Thomas Securities LLC now owns 5,101 shares of the technology company’s stock worth $307,000 after purchasing an additional 373 shares in the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on XYZ. Truist Financial raised their price objective on shares of Block from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded shares of Block from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Loop Capital initiated coverage on shares of Block in a research note on Tuesday, March 31st. They set a “buy” rating and a $75.00 target price for the company. Keefe, Bruyette & Woods raised their price target on Block from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Bank of America dropped their price target on Block from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Four research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $85.42.

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.