Rep. Jefferson Shreve Sells Off Shares of Block, Inc. (NYSE:XYZ)

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 NYSE:XYZ opened at $50.34 on Friday. Block, Inc. has a one year low of $44.27 and a one year high of $99.26. The stock has a market capitalization of $31.18 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.72 and a beta of 2.83. The stock’s 50 day moving average is $55.37. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last posted 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). The business had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.23 billion. Block had a net margin of 11.92% and a return on equity of 5.80%. Equities research analysts predict that Block, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Block

In other news, insider Owen Britton Jennings sold 1,263 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $56.19, for a total value of $70,967.97. Following the completion of the transaction, the insider now owns 181,904 shares in the company, valued at $10,221,185.76. This trade represents a 0.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Ajmere Dale sold 500 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $54.48, for a total transaction of $27,240.00. Following the completion of the sale, the chief accounting officer now owns 81,999 shares in the company, valued at $4,467,305.52. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,324 shares of company stock worth $1,297,662. Insiders own 10.85% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on XYZ. Piper Sandler cut shares of Block from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $85.00 to $51.00 in a report on Friday, May 2nd. Royal Bank of Canada reduced their price objective on Block from $86.00 to $63.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Canaccord Genuity Group decreased their target price on shares of Block from $100.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Needham & Company LLC lowered their price objective on Block from $90.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, Morgan Stanley upgraded Block from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $65.00 to $67.00 in a research report on Thursday, April 3rd. Ten 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $75.54.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Key Client Fiduciary Advisors LLC lifted its stake in Block by 1.4% during the fourth 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted 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 worth $36,000 after purchasing an additional 136 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Block by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 26,864 shares of the technology company’s stock worth $2,283,000 after buying an additional 145 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake in 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 acquiring an additional 152 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of 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 during the period. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

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.