Rep. Josh Gottheimer Buys Block, Inc. (NYSE:XYZ) Stock

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Block, Inc. NYSE: XYZ. In a filing disclosed on March 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Block stock on February 3rd. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 2/28/2025.
• Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 2/28/2025.
• Sold $1,001 - $15,000 in shares of Block NYSE: XYZ on 2/27/2025.
• Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 2/27/2025.
• Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 2/27/2025.
• Sold $1,001 - $15,000 in shares of Paragon 28 NYSE: FNA on 2/27/2025.
• Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Fiserv NYSE: FI on 2/26/2025.
• Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 2/26/2025.
• Sold $1,001 - $15,000 in shares of Vertiv NYSE: VRT on 2/25/2025.

Block Trading Up 1.4 %

NYSE:XYZ traded up $0.74 during mid-day trading on Tuesday, hitting $55.48. The company had a trading volume of 11,426,992 shares, compared to its average volume of 8,521,739. Block, Inc. has a fifty-two week low of $53.54 and a fifty-two week high of $99.26. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $34.37 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 0.72 and a beta of 2.78.

Block (NYSE:XYZ - Get Free Report) last released its earnings results on Thursday, February 20th. The technology company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.11). Block had a net margin of 11.92% and a return on equity of 5.80%. The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.23 billion. On average, equities analysts expect that Block, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on XYZ. Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of Block in a research note on Friday, February 21st. Morgan Stanley raised Block from an "underweight" rating to an "equal weight" rating and set a $65.00 price target on the stock in a research report on Tuesday, February 25th. Macquarie reaffirmed an "outperform" rating and set a $110.00 price target on shares of Block in a research report on Thursday, March 6th. BMO Capital Markets raised Block from a "market perform" rating to an "outperform" rating and dropped their price target for the stock from $100.00 to $89.00 in a research report on Monday, February 24th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $110.00 price target on shares of Block in a research report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. According to data from MarketBeat, Block has a consensus rating of "Moderate Buy" and a consensus target price of $95.62.

Insider Buying and Selling

In related news, insider Owen Britton Jennings sold 2,836 shares of Block stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $89.38, for a total transaction of $253,481.68. Following the completion of the sale, the insider now directly owns 195,449 shares of the company's stock, valued at approximately $17,469,231.62. This trade represents a 1.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Ajmere Dale sold 2,044 shares of Block stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $86.72, for a total value of $177,255.68. Following the sale, the chief accounting officer now directly owns 83,966 shares of the company's stock, valued at approximately $7,281,531.52. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,967 shares of company stock valued at $1,649,113. Insiders own 10.49% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Swiss National Bank boosted its stake in shares of Block by 0.5% during the 3rd quarter. Swiss National Bank now owns 1,651,886 shares of the technology company's stock worth $110,891,000 after acquiring an additional 8,200 shares during the period. National Pension Service boosted its stake in shares of Block by 13.5% during the 3rd quarter. National Pension Service now owns 1,083,113 shares of the technology company's stock worth $72,709,000 after acquiring an additional 128,832 shares during the period. Diversify Advisory Services LLC bought a new position in shares of Block during the 4th quarter worth approximately $1,315,000. Baillie Gifford & Co. lifted its holdings in Block by 1.5% during the 3rd quarter. Baillie Gifford & Co. now owns 10,233,102 shares of the technology company's stock worth $686,948,000 after purchasing an additional 147,873 shares during the last quarter. Finally, Perpetual Ltd acquired a new stake in Block during the 4th quarter worth approximately $10,779,000. 70.44% of the stock is currently owned by institutional investors.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About Block

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.