Block (NYSE:XYZ) Shares Unloaded Rep. Josh Gottheimer

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 Stock Up 0.3 %

Shares of XYZ stock traded up $0.20 during trading hours on Friday, reaching $60.00. The company had a trading volume of 10,856,922 shares, compared to its average volume of 8,293,387. 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, Inc. has a 12 month low of $55.00 and a 12 month high of $99.26. The firm has a market capitalization of $37.17 billion, a PE ratio of 13.19, a P/E/G ratio of 0.72 and a beta of 2.78.

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

Insider Transactions at Block

In other Block news, CAO Ajmere Dale sold 2,044 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $86.72, for a total transaction of $177,255.68. Following the completion of the transaction, the chief accounting officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $253,481.68. Following the completion of the transaction, the insider now 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 disclosure for this sale can be found here. Insiders have sold 21,967 shares of company stock valued at $1,649,113 over the last quarter. 10.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in XYZ. Southpoint Capital Advisors LP bought a new position in Block during the 3rd quarter valued at about $114,121,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Block by 770.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,738,708 shares of the technology company's stock worth $116,719,000 after buying an additional 1,538,849 shares during the last quarter. Woodson Capital Management LP bought a new stake in Block during the third quarter valued at approximately $27,255,000. Azora Capital LP increased its stake in shares of Block by 358.4% in the 3rd quarter. Azora Capital LP now owns 503,402 shares of the technology company's stock worth $33,793,000 after purchasing an additional 393,593 shares in the last quarter. Finally, Graypoint LLC purchased a new stake in Block in the fourth quarter worth about $32,445,000. Institutional investors own 70.44% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on XYZ. Keefe, Bruyette & Woods reduced their target price on shares of Block from $100.00 to $87.00 and set a "market perform" rating for the company in a research note on Friday, February 21st. Raymond James cut their target price on shares of Block from $115.00 to $103.00 and set an "outperform" rating for the company in a research report on Friday, February 21st. Oppenheimer raised shares of Block from a "market perform" rating to an "outperform" rating and set a $115.00 price target on the stock in a research note on Thursday, December 19th. StockNews.com initiated coverage on Block in a research note on Saturday, February 15th. They issued a "hold" rating for the company. Finally, Sanford C. Bernstein raised their price target on shares of Block from $90.00 to $120.00 and gave the stock an "outperform" rating in a report on Monday, December 2nd. Six research 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $96.31.

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.