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

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Block, Inc. (NYSE:XYZ). In a filing disclosed on March 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Block stock on February 27th. 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 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.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 2/24/2025.

Block Price Performance

Shares of Block stock opened at $60.00 on Friday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.26. The firm has a market cap of $37.17 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 0.72 and a beta of 2.78. Block, Inc. has a 12-month low of $55.00 and a 12-month high of $99.26.

Block (NYSE:XYZ) last issued its quarterly earnings data 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). The company 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%. On average, equities analysts expect that Block, Inc. will post 2.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Block

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SouthState Corp lifted its stake in Block by 85.3% during the 3rd quarter. SouthState Corp now owns 391 shares of the technology company’s stock valued at $26,000 after acquiring an additional 180 shares during the period. Versant Capital Management Inc lifted its stake 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 worth $33,000 after purchasing an additional 159 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Block by 48.2% in 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. True Wealth Design LLC lifted its stake in shares of Block by 64.7% in 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. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of Block by 18.3% in the 4th quarter. Rosenberg Matthew Hamilton now owns 982 shares of the technology company’s stock worth $83,000 after purchasing an additional 152 shares during the period. Institutional investors own 70.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on XYZ shares. Macquarie reissued an “outperform” rating and set a $110.00 price objective on shares of Block in a research report on Thursday. Monness Crespi & Hardt raised shares of Block from a “neutral” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Friday, December 13th. Keefe, Bruyette & Woods reduced their price objective on shares of Block from $100.00 to $87.00 and set a “market perform” rating on the stock in a research report on Friday, February 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Block in a research report on Friday, February 21st. Finally, Citigroup upped their target price on shares of Block from $90.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. 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.com, Block has a consensus rating of “Moderate Buy” and an average price target of $96.31.

Insider Transactions at Block

In other news, CAO Ajmere Dale sold 2,044 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $86.72, for a total value of $177,255.68. Following the transaction, the chief accounting officer now owns 83,966 shares in the company, valued at $7,281,531.52. This represents a 2.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Amrita Ahuja sold 1,502 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $86.52, for a total transaction of $129,953.04. Following the completion of the transaction, the chief financial officer now owns 242,199 shares in the company, valued at $20,955,057.48. This trade represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,967 shares of company stock worth $1,649,113 in the last quarter. Company insiders own 10.49% of the company’s stock.

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.

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.