Block (NYSE:XYZ) Stock Acquired Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Block, Inc. (NYSE:XYZ). In a filing disclosed on March 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Block stock on February 3rd. 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 Block (NYSE:XYZ) on 2/27/2025.
• 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.

Block Stock Up 0.3 %

Shares of XYZ traded up $0.20 during mid-day trading on Friday, hitting $60.00. 10,856,922 shares of the company were exchanged, compared to its average volume of 8,293,387. Block, Inc. has a 1-year low of $55.00 and a 1-year high of $99.26. 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 company has a market cap of $37.17 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 0.72 and a beta of 2.78.

Block (NYSE:XYZ) last released its quarterly 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. Sell-side analysts expect that Block, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on XYZ shares. Barclays reduced their price target on shares of Block from $112.00 to $97.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Sanford C. Bernstein upped their price objective on shares of Block from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Citigroup upped their price objective on shares of Block from $90.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Morgan Stanley raised shares of Block from an “underweight” rating to an “equal weight” rating and set a $65.00 price objective for the company in a research note on Tuesday, February 25th. Finally, UBS Group dropped their price objective on shares of Block from $98.00 to $97.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, Block has a consensus rating of “Moderate Buy” and an average target price of $96.31.

Insiders Place Their Bets

In other news, CFO Amrita Ahuja sold 6,345 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $70.32, for a total transaction of $446,180.40. Following the completion of the transaction, the chief financial officer now owns 235,854 shares in the company, valued at approximately $16,585,253.28. This represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Owen Britton Jennings sold 2,836 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $89.38, for a total transaction of $253,481.68. Following the completion of the transaction, the insider now owns 195,449 shares of the company’s stock, valued at $17,469,231.62. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,967 shares of company stock valued at $1,649,113. Company insiders own 10.49% of the company’s stock.

Institutional Trading of Block

A number of institutional investors and hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. raised its holdings in shares of Block by 1.5% during the third quarter. Baillie Gifford & Co. now owns 10,233,102 shares of the technology company’s stock worth $686,948,000 after purchasing an additional 147,873 shares during the period. Geode Capital Management LLC raised its holdings in shares of Block by 1.6% during the third quarter. Geode Capital Management LLC now owns 8,690,075 shares of the technology company’s stock worth $581,923,000 after purchasing an additional 133,002 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Block by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,202,388 shares of the technology company’s stock worth $147,846,000 after purchasing an additional 45,472 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Block by 770.0% during 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 purchasing an additional 1,538,849 shares during the period. Finally, Southpoint Capital Advisors LP acquired a new stake in shares of Block during the third quarter worth $114,121,000. 70.44% of the stock is owned by institutional investors and hedge funds.

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.