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

Representative Jefferson Shreve (R-Indiana) recently bought shares of Block, Inc. (NYSE:XYZ). In a filing disclosed on April 11th, the Representative disclosed that they had bought between $50,001 and $100,000 in Block stock on March 31st. 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 Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 3/31/2025.

Block Price Performance

XYZ stock traded up $0.48 during trading on Tuesday, hitting $55.14. 992,153 shares of the company traded hands, compared to its average volume of 8,729,328. The firm has a market capitalization of $34.16 billion, a P/E ratio of 12.12, a PEG ratio of 0.72 and a beta of 2.77. Block, Inc. has a 1 year low of $46.42 and a 1 year high of $99.26. The stock’s 50-day moving average is $63.77. 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 issued its quarterly earnings data on Thursday, February 20th. The technology company reported $0.26 earnings per share 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 during the quarter, compared to analyst estimates of $6.23 billion. Research analysts expect that Block, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on XYZ shares. KeyCorp dropped their price objective on Block from $115.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. UBS Group cut their price target on shares of Block from $98.00 to $97.00 and set a “buy” rating for the company in a report on Friday, February 21st. The Goldman Sachs Group decreased their price objective on shares of Block from $94.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Sanford C. Bernstein set a $100.00 target price on shares of Block in a research note on Saturday, March 8th. Finally, Wells Fargo & Company lifted their price objective on Block from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.52.

Insider Buying and Selling

In other news, insider Brian Grassadonia sold 4,520 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $70.32, for a total transaction of $317,846.40. Following the sale, the insider now owns 551,850 shares of the company’s stock, valued at approximately $38,806,092. This trade represents a 0.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Amrita Ahuja sold 1,976 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $56.19, for a total value of $111,031.44. Following the completion of the transaction, the chief financial officer now directly owns 233,878 shares of the company’s stock, valued at $13,141,604.82. This trade represents a 0.84 % 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. Company insiders own 10.49% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc boosted its position 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 buying an additional 159 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings 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 purchasing an additional 136 shares during the period. Rosenberg Matthew Hamilton raised its position in Block by 18.3% in the 4th quarter. Rosenberg Matthew Hamilton now owns 982 shares of the technology company’s stock valued at $83,000 after purchasing an additional 152 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Block by 15.8% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,066 shares of the technology company’s stock valued at $139,000 after buying an additional 282 shares during the period. Finally, Ulland Investment Advisors LLC grew its position 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 worth $181,000 after buying an additional 1,025 shares in the last quarter. 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.

About Block

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.