Why These 15 Large-Cap Stocks Are Plunging So Far In 2025

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7. Block Inc (NYSE:XYZ)

Number of Hedge Fund Holders In Q4 2024: 81

Block Inc (NYSE:XYZ) is a fintech company. It owns Cash App.

The stock is down significantly so far in 2025 as Block is facing a class-action lawsuit over allegations of compliance failures. This includes potentially facilitating illegal transactions on Square and Cash App platforms.

It has also been accused of inflating its user metrics and doing inadequate due diligence.

On top of that, Block’s Q4 2024 results missed Wall Street expectations. EPS of $0.26 fell short of consensus estimates of $0.37, and revenue came in at $6.03 billion vs. the $6.23 billion forecast.

The company is also heavily involved in crypto, and the recent decline in Bitcoin prices has added to Block’s woes.

The consensus price target of $96.31 implies 57.73% upside.

XYZ stock is down 28.09% year-to-date.

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