SG Americas Securities LLC grew its stake in shares of Square, Inc. (NYSE:SQ) by 1,562.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 429,448 shares of the technology company’s stock after buying an additional 403,623 shares during the period. SG Americas Securities LLC owned approximately 0.11% of Square worth $12,372,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its position in Square by 114.7% in the second quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock worth $560,427,000 after purchasing an additional 12,764,491 shares in the last quarter. Vanguard Group Inc. raised its position in Square by 73.4% in the second quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock worth $446,558,000 after purchasing an additional 8,058,892 shares in the last quarter. BlackRock Inc. raised its position in Square by 7,162.2% in the first quarter. BlackRock Inc. now owns 5,383,325 shares of the technology company’s stock worth $93,023,000 after purchasing an additional 5,309,197 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Square by 556.5% in the second quarter. Goldman Sachs Group Inc. now owns 4,594,445 shares of the technology company’s stock worth $107,786,000 after purchasing an additional 3,894,639 shares in the last quarter. Finally, Capital World Investors raised its position in Square by 32.8% in the second quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock worth $365,925,000 after purchasing an additional 3,853,000 shares in the last quarter. 53.24% of the stock is owned by institutional investors and hedge funds.
Shares of Square, Inc. (NYSE SQ) traded up $3.21 during mid-day trading on Friday, reaching $45.11. 21,820,000 shares of the company’s stock were exchanged, compared to its average volume of 10,240,000. Square, Inc. has a 1 year low of $11.88 and a 1 year high of $45.74. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.48.
Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The firm had revenue of $257.12 million for the quarter, compared to analysts’ expectations of $244.95 million. During the same period last year, the firm earned $0.01 earnings per share. The business’s revenue for the quarter was up 44.6% on a year-over-year basis. equities analysts anticipate that Square, Inc. will post -0.16 earnings per share for the current year.
In other Square news, CAO Ajmere Dale sold 17,446 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $38.98, for a total value of $680,045.08. Following the transaction, the chief accounting officer now directly owns 134,518 shares of the company’s stock, valued at $5,243,511.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $39.15, for a total transaction of $15,660,000.00. Following the completion of the sale, the director now owns 507,732 shares in the company, valued at $19,877,707.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,394,791 shares of company stock worth $45,611,401. Insiders own 32.68% of the company’s stock.
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Several research firms recently issued reports on SQ. Evercore ISI raised shares of Square from an “in-line” rating to an “outperform” rating in a research report on Friday. Nomura increased their price target on shares of Square from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday. The Goldman Sachs Group, Inc. raised shares of Square to a “buy” rating in a research report on Thursday. Zacks Investment Research lowered shares of Square from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Vetr lowered shares of Square from a “strong-buy” rating to a “buy” rating and set a $43.40 price target for the company. in a research report on Monday. Fourteen research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Square presently has an average rating of “Buy” and a consensus price target of $32.37.
Square Company Profile
Square, Inc (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment.
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