Block (NYSE:XYZ) Stock Acquired Rep. Josh Gottheimer

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 Stock Down 7.2 %

Shares of NYSE XYZ traded down $4.34 on Monday, hitting $55.66. The company's stock had a trading volume of 2,306,137 shares, compared to its average volume of 8,148,477. The company has a market capitalization of $34.48 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 0.72 and a beta of 2.78. Block, Inc. has a 12-month low of $55.00 and a 12-month high of $99.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.07 and a quick ratio of 2.07.

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Block (NYSE:XYZ - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.11). The company had revenue of $6.03 billion for 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%. Equities analysts anticipate that Block, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on XYZ. UBS Group decreased their price objective on Block from $98.00 to $97.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Piper Sandler lowered their price target on shares of Block from $101.00 to $85.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Oppenheimer raised shares of Block from a "market perform" rating to an "outperform" rating and set a $115.00 target price for the company in a research note on Thursday, December 19th. StockNews.com assumed coverage on Block in a research note on Saturday, February 15th. They issued a "hold" rating for the company. Finally, Raymond James decreased their price target on Block from $115.00 to $103.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, Block currently has an average rating of "Moderate Buy" and an average target price of $95.62.

Hedge Funds Weigh In On Block

A number of institutional investors and hedge funds have recently bought and sold shares of XYZ. Key Client Fiduciary Advisors LLC grew its position in Block by 1.4% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 8,340 shares of the technology company's stock worth $709,000 after purchasing an additional 115 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Block by 48.2% during 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 during the period. Nations Financial Group Inc. IA ADV raised its holdings in Block by 1.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 7,744 shares of the technology company's stock valued at $520,000 after acquiring an additional 145 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Block by 0.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 26,864 shares of the technology company's stock worth $2,283,000 after acquiring an additional 145 shares during the period. Finally, Rosenberg Matthew Hamilton raised its stake in shares of Block by 18.3% in 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 in the last quarter. Institutional investors own 70.44% of the company's stock.

Insider Buying and Selling

In other news, insider Brian Grassadonia sold 3,253 shares of Block stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $68.01, for a total transaction of $221,236.53. Following the sale, the insider now directly owns 548,597 shares in the company, valued at approximately $37,310,081.97. The trade was a 0.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Amrita Ahuja sold 6,345 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 transaction of $446,180.40. Following the transaction, the chief financial officer now 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 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 ninety days. 10.49% of the stock is owned by company insiders.

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.