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 Stock Performance
Shares of Block stock traded down $1.00 on Thursday, hitting $57.50. 6,529,572 shares of the company traded hands, compared to its average volume of 9,538,705. The firm has a market cap of $35.62 billion, a PE ratio of 12.64, 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. Block, Inc. has a 52 week low of $44.27 and a 52 week high of $99.26. The company's 50-day moving average price is $55.18.
Block (NYSE:XYZ - Get Free Report) last issued 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). 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. Research analysts expect that Block, Inc. will post 2.54 earnings per share for the current year.
Insider Activity at Block
In other Block news, insider Owen Britton Jennings sold 1,263 shares of Block stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $56.19, for a total transaction of $70,967.97. Following the transaction, the insider now owns 181,904 shares of the company's stock, valued at $10,221,185.76. The trade was a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,824 shares of company stock valued at $1,710,162. 10.49% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. Macquarie downgraded Block from an "outperform" rating to a "neutral" rating and set a $50.00 price target on the stock. in a report on Monday, May 5th. UBS Group cut their price target on Block from $98.00 to $97.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Piper Sandler downgraded Block from an "overweight" rating to a "neutral" rating and cut their price target for the company from $85.00 to $51.00 in a report on Friday, May 2nd. Bank of America cut their price target on Block from $94.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Seaport Res Ptn downgraded Block from a "strong-buy" rating to a "hold" rating in a report on Friday, May 2nd. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $75.54.
Get Our Latest Stock Analysis on Block
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in XYZ. Versant Capital Management Inc increased its holdings in shares of 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 last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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 purchasing an additional 136 shares during the last quarter. Rosenberg Matthew Hamilton increased its holdings 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 during the last quarter. Ulland Investment Advisors LLC increased its holdings in shares of Block by 92.3% in 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 last quarter. Finally, Simon Quick Advisors LLC acquired a new stake in shares of Block in the fourth quarter valued at approximately $203,000. 70.44% of the stock is 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 [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.
About Block
(
Get Free Report)
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.
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