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

Representative Jefferson Shreve (R-Indiana) recently sold shares of Block, Inc. (NYSE:XYZ). In a filing disclosed on March 09th, the Representative disclosed that they had sold between $15,001 and $50,000 in Block stock on February 24th. 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 RTX (NYSE:RTX) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Royal Gold (NASDAQ:RGLD) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of QUALCOMM (NASDAQ:QCOM) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 2/24/2025.
• Sold $15,001 – $50,000 in shares of Norfolk Southern (NYSE:NSC) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of CoStar Group (NASDAQ:CSGP) on 2/24/2025.
• Purchased $50,001 – $100,000 in shares of AbbVie (NYSE:ABBV) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of The Cigna Group (NYSE:CI) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 2/24/2025.

Block Stock Performance

Shares of NYSE:XYZ traded up $0.74 on Tuesday, reaching $55.48. 11,425,662 shares of the company were exchanged, compared to its average volume of 8,521,138. 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 stock has a market cap of $34.37 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.72 and a beta of 2.78. Block, Inc. has a 1-year low of $53.54 and a 1-year 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 for the quarter, missing the consensus estimate of $0.37 by ($0.11). Block had a return on equity of 5.80% and a net margin of 11.92%. The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.23 billion. Analysts expect that Block, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Owen Britton Jennings sold 2,836 shares of Block stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $89.38, for a total value of $253,481.68. Following the completion of the sale, the insider now owns 195,449 shares in the company, valued at approximately $17,469,231.62. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Ajmere Dale sold 1,467 shares of Block stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $70.32, for a total value of $103,159.44. Following the completion of 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. Over the last quarter, insiders sold 21,967 shares of company stock worth $1,649,113. 10.49% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. SouthState Corp increased its position in shares of Block by 85.3% in the third quarter. SouthState Corp now owns 391 shares of the technology company’s stock worth $26,000 after acquiring an additional 180 shares in the last quarter. True Wealth Design LLC boosted its position in Block by 64.7% during the 3rd quarter. True Wealth Design LLC now owns 494 shares of the technology company’s stock worth $33,000 after purchasing an additional 194 shares during the period. Versant Capital Management Inc increased its holdings 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 purchasing an additional 159 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Block by 48.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 418 shares of the technology company’s stock worth $36,000 after purchasing an additional 136 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Block in the third quarter worth about $74,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Wall Street Analyst Weigh In

XYZ has been the subject of several research analyst reports. BNP Paribas downgraded Block from an “outperform” rating to a “neutral” rating and set a $88.00 price objective for the company. in a research note on Wednesday, November 20th. Barclays cut their price target on Block from $112.00 to $97.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. StockNews.com assumed coverage on shares of Block in a report on Saturday, February 15th. They set a “hold” rating for the company. BMO Capital Markets upgraded shares of Block from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $100.00 to $89.00 in a research report on Monday, February 24th. Finally, Morgan Stanley upgraded shares of Block from an “underweight” rating to an “equal weight” rating and set a $65.00 price target on the stock in a research report on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.62.

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.