Block (NYSE:XYZ) Shares Acquired Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently bought shares of Block, Inc. NYSE: XYZ. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $50,001 and $100,000 in Block stock on March 31st. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Advanced Micro Devices NASDAQ: AMD on 3/31/2025.

Block Price Performance

Block stock traded up $0.08 during trading hours on Friday, hitting $53.83. 4,509,089 shares of the stock traded hands, compared to its average volume of 8,682,980. Block, Inc. has a 1 year low of $46.42 and a 1 year high of $99.26. The firm has a market capitalization of $33.35 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.72 and a beta of 2.77. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.07 and a quick ratio of 2.07. The firm's 50 day moving average price is $61.34.

Block (NYSE:XYZ - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The technology company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.11). The business had revenue of $6.03 billion for the quarter, compared to analysts' expectations of $6.23 billion. Block had a return on equity of 5.80% and a net margin of 11.92%. Research analysts forecast that Block, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on XYZ. BMO Capital Markets raised shares of Block from a "market perform" rating to an "outperform" rating and lowered their price target for the company from $100.00 to $89.00 in a report on Monday, February 24th. StockNews.com assumed coverage on Block in a report on Saturday, February 15th. They set a "hold" rating on the stock. Robert W. Baird decreased their price target on Block from $105.00 to $80.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group dropped their price objective on shares of Block from $94.00 to $74.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, Citigroup decreased their price objective on shares of Block from $108.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Four investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $90.14.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc boosted its stake in Block by 67.7% during the fourth quarter. Versant Capital Management Inc now owns 394 shares of the technology company's stock worth $33,000 after buying an additional 159 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Block by 48.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 418 shares of the technology company's stock valued at $36,000 after acquiring an additional 136 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in Block by 18.3% during the 4th quarter. Rosenberg Matthew Hamilton now owns 982 shares of the technology company's stock worth $83,000 after purchasing an additional 152 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in Block by 15.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,066 shares of the technology company's stock worth $139,000 after purchasing an additional 282 shares during the period. Finally, Ulland Investment Advisors LLC raised its position in Block by 92.3% in the 4th quarter. Ulland Investment Advisors LLC now owns 2,135 shares of the technology company's stock valued at $181,000 after purchasing an additional 1,025 shares in the last quarter. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Amrita Ahuja sold 6,345 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $70.32, for a total transaction of $446,180.40. Following the completion of the transaction, the chief financial officer now directly owns 235,854 shares of the company's stock, valued at approximately $16,585,253.28. This represents a 2.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Ajmere Dale sold 1,467 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $70.32, for a total value of $103,159.44. Following the sale, the chief accounting officer now directly owns 82,499 shares in the company, valued at $5,801,329.68. This trade represents a 1.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,324 shares of company stock worth $1,297,662. 10.49% of the stock is currently owned by company insiders.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

Block Company Profile

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.