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

Representative Jefferson Shreve (R-Indiana) recently sold shares of Block, Inc. NYSE: XYZ. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Block stock on May 8th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Block Trading Up 1.2%

XYZ stock traded up $0.94 during trading on Friday, reaching $80.71. The stock had a trading volume of 6,342,833 shares, compared to its average volume of 16,337,229. Block, Inc. has a 52 week low of $44.27 and a 52 week high of $99.26. The company has a market capitalization of $49.64 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 3.23 and a beta of 2.74. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.27 and a current ratio of 2.27. The firm's 50 day moving average is $66.11.

Block (NYSE:XYZ - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.07. The business had revenue of $5.77 billion during the quarter. Block had a net margin of 10.84% and a return on equity of 5.71%. The business's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 earnings per share. On average, research analysts anticipate that Block, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Block

In other Block news, CFO Amrita Ahuja sold 16,358 shares of the company's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $78.60, for a total transaction of $1,285,738.80. Following the transaction, the chief financial officer directly owned 308,397 shares in the company, valued at $24,240,004.20. This represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Grassadonia sold 1,342 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $69.26, for a total transaction of $92,946.92. Following the sale, the insider owned 590,287 shares in the company, valued at $40,883,277.62. This trade represents a 0.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,938 shares of company stock worth $6,327,663. Insiders own 10.85% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Oppenheimer increased their price objective on shares of Block from $70.00 to $71.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Robert W. Baird upped their target price on Block from $76.00 to $84.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Morgan Stanley increased their price objective on shares of Block from $65.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Canaccord Genuity Group cut their price target on Block from $100.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Wolfe Research set a $75.00 price objective on Block in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $74.91.

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.