Block (NYSE:XYZ) Stock Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of Block, Inc. (NYSE:XYZ). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Block stock on April 11th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
• Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.

Block Trading Up 0.5 %

Shares of Block stock opened at $50.34 on Friday. The firm has a market capitalization of $31.18 billion, a PE ratio of 11.06, a P/E/G ratio of 0.72 and a beta of 2.83. 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 fifty day moving average price of $55.37. Block, Inc. has a twelve month low of $44.27 and a twelve month high of $99.26.

Block (NYSE:XYZ) last issued its 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). Block had a return on equity of 5.80% and a net margin of 11.92%. The firm had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.23 billion. As a group, sell-side analysts predict that Block, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Piper Sandler lowered shares of Block from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $85.00 to $51.00 in a report on Friday, May 2nd. Stephens reiterated an “overweight” rating and set a $75.00 target price on shares of Block in a report on Friday, May 2nd. StockNews.com assumed coverage on Block in a research report on Saturday, February 15th. They set a “hold” rating on the stock. Morgan Stanley upgraded shares of Block from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $65.00 to $67.00 in a research note on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Block from $80.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, May 5th. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.54.

Institutional Trading of Block

Several hedge funds have recently bought and sold shares of XYZ. Versant Capital Management Inc raised its holdings in shares of Block by 67.7% during the fourth quarter. Versant Capital Management Inc now owns 394 shares of the technology company’s stock valued at $33,000 after buying an additional 159 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Block by 48.2% during the 4th 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 period. Rosenberg Matthew Hamilton grew 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 worth $83,000 after purchasing an additional 152 shares in the last quarter. Ulland Investment Advisors LLC increased its holdings 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 purchasing an additional 1,025 shares during the period. Finally, Simon Quick Advisors LLC bought a new stake in shares of Block during the fourth quarter valued at about $203,000. 70.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Amrita Ahuja sold 6,345 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $70.32, for a total value of $446,180.40. Following the completion of the sale, the chief financial officer now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Ajmere Dale sold 1,467 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $70.32, for a total transaction of $103,159.44. Following the transaction, the chief accounting officer now owns 82,499 shares in the company, valued at $5,801,329.68. This represents a 1.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,324 shares of company stock valued at $1,297,662 over the last 90 days. 10.85% of the stock is currently owned by company insiders.

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 [email protected] 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.

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.