Rep. Jefferson Shreve Buys Block, Inc. (NYSE:XYZ) Stock

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 Stock Up 0.1 %

Shares of XYZ traded up $0.08 during mid-day trading on Friday, reaching $53.83. The company had a trading volume of 4,509,089 shares, compared to its average volume of 8,682,980. The firm has a market capitalization of $33.35 billion, a PE ratio of 11.83, a P/E/G ratio of 0.72 and a beta of 2.77. Block, Inc. has a 52-week low of $46.42 and a 52-week high of $99.26. The company has a 50 day moving average price of $61.91. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ - Get Free Report) last announced 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 company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.23 billion. Block had a net margin of 11.92% and a return on equity of 5.80%. On average, sell-side analysts expect that Block, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Block

In related news, CFO Amrita Ahuja sold 6,345 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $70.32, for a total value of $446,180.40. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Ajmere Dale sold 1,467 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $70.32, for a total value of $103,159.44. Following the transaction, the chief accounting officer now owns 82,499 shares of the company's stock, valued at $5,801,329.68. This trade represents a 1.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,324 shares of company stock worth $1,297,662. 10.49% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on XYZ shares. Wells Fargo & Company raised their price target on shares of Block from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Morgan Stanley upgraded Block from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $65.00 to $67.00 in a research report on Thursday, April 3rd. Bank of America reduced their price target on Block from $94.00 to $80.00 and set a "buy" rating for the company in a report on Thursday. Keefe, Bruyette & Woods raised Block from a "market perform" rating to an "outperform" rating and dropped their price objective for the company from $87.00 to $80.00 in a report on Tuesday, March 18th. Finally, Barclays decreased their target price on Block from $97.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat, Block has an average rating of "Moderate Buy" and an average price target of $90.14.

Institutional Inflows and Outflows

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

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.

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.