Rep. Josh Gottheimer Sells Block, Inc. (NYSE:XYZ) Shares

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Block, Inc. NYSE: XYZ. In a filing disclosed on March 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Block stock on February 27th. 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 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.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 2/24/2025.

Block Trading Up 1.4 %

Shares of NYSE:XYZ traded up $0.74 during trading on Tuesday, reaching $55.48. 11,392,921 shares of the company traded hands, compared to its average volume of 8,520,732. Block, Inc. has a 1-year low of $53.54 and a 1-year high of $99.26. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $34.37 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 0.72 and a beta of 2.78.

Block (NYSE:XYZ - Get Free Report) last issued 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). The firm had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.23 billion. Block had a return on equity of 5.80% and a net margin of 11.92%. On average, equities analysts expect that Block, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on XYZ shares. The Goldman Sachs Group reduced their target price on shares of Block from $109.00 to $94.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Macquarie reiterated an "outperform" rating and issued a $110.00 price objective on shares of Block in a report on Thursday, March 6th. Canaccord Genuity Group lowered their price objective on Block from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of Block in a report on Friday, February 21st. Finally, Keefe, Bruyette & Woods cut their price target on Block from $100.00 to $87.00 and set a "market perform" rating for the company in a report on Friday, February 21st. Six analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.62.

Hedge Funds Weigh In On Block

Institutional investors have recently bought and sold shares of the business. SouthState Corp increased its stake in shares of Block by 85.3% in the third quarter. SouthState Corp now owns 391 shares of the technology company's stock valued at $26,000 after buying an additional 180 shares in the last quarter. Versant Capital Management Inc increased its position in Block by 67.7% in the 4th quarter. Versant Capital Management Inc now owns 394 shares of the technology company's stock valued at $33,000 after acquiring an additional 159 shares in the last quarter. 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 worth $36,000 after acquiring an additional 136 shares during the last quarter. True Wealth Design LLC lifted its position in shares of Block by 64.7% during the third quarter. True Wealth Design LLC now owns 494 shares of the technology company's stock worth $33,000 after purchasing an additional 194 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its stake in shares of Block by 18.3% during the fourth quarter. Rosenberg Matthew Hamilton now owns 982 shares of the technology company's stock valued at $83,000 after purchasing an additional 152 shares during the last quarter. Institutional investors own 70.44% of the company's stock.

Insider Activity at Block

In related news, CAO Ajmere Dale sold 2,044 shares of Block stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $86.72, for a total value of $177,255.68. Following the completion of the sale, the chief accounting officer now directly owns 83,966 shares in the company, valued at $7,281,531.52. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Amrita Ahuja sold 6,345 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $70.32, for a total transaction of $446,180.40. Following the transaction, the chief financial officer now owns 235,854 shares in the company, valued at approximately $16,585,253.28. The trade was a 2.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,967 shares of company stock valued at $1,649,113 over the last quarter. Corporate insiders own 10.49% of the company's stock.

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.

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.