Hamilton Lane Advisors LLC Has $23.11 Million Position in Square Inc (SQ)

Hamilton Lane Advisors LLC lowered its position in Square Inc (NYSE:SQ) by 35.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 666,557 shares of the technology company’s stock after selling 359,928 shares during the period. Square comprises about 11.9% of Hamilton Lane Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Hamilton Lane Advisors LLC’s holdings in Square were worth $23,110,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC grew its holdings in Square by 114.7% during the second quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock valued at $560,427,000 after purchasing an additional 12,764,491 shares during the period. Vanguard Group Inc. grew its holdings in Square by 73.4% during the second quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock valued at $446,558,000 after purchasing an additional 8,058,892 shares during the period. Capital World Investors grew its holdings in Square by 32.8% during the second quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock valued at $365,925,000 after purchasing an additional 3,853,000 shares during the period. Allianz Asset Management GmbH grew its holdings in Square by 31.0% during the third quarter. Allianz Asset Management GmbH now owns 13,302,170 shares of the technology company’s stock valued at $383,235,000 after purchasing an additional 3,147,558 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Square by 5.8% during the second quarter. Renaissance Technologies LLC now owns 9,076,600 shares of the technology company’s stock valued at $212,937,000 after purchasing an additional 498,100 shares during the period. 54.21% of the stock is owned by institutional investors.

In related news, insider Hillary B. Smith sold 1,551 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $35.12, for a total value of $54,471.12. Following the sale, the insider now directly owns 487,482 shares in the company, valued at $17,120,367.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ajmere Dale sold 1,451 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $40.00, for a total value of $58,040.00. Following the completion of the sale, the insider now owns 109,586 shares in the company, valued at $4,383,440. The disclosure for this sale can be found here. Insiders sold 1,231,132 shares of company stock worth $47,702,154 over the last quarter. 32.68% of the stock is owned by company insiders.

Square Inc (NYSE SQ) traded up $0.74 during trading hours on Wednesday, hitting $40.06. The company had a trading volume of 10,945,770 shares, compared to its average volume of 17,340,000. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $15,570.00 and a P/E ratio of -235.65. Square Inc has a 12 month low of $13.84 and a 12 month high of $49.56.

Square (NYSE:SQ) last posted its earnings results on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The company had revenue of $257.12 million for the quarter, compared to the consensus estimate of $244.95 million. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The firm’s revenue for the quarter was up 44.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 earnings per share. equities research analysts predict that Square Inc will post -0.15 earnings per share for the current year.

Several analysts have issued reports on SQ shares. Zacks Investment Research raised Square from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Monday, September 25th. Tigress Financial reissued a “buy” rating on shares of Square in a report on Monday, September 25th. KeyCorp boosted their price target on Square from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, October 3rd. Vetr lowered Square from a “buy” rating to a “hold” rating and set a $31.08 price target for the company. in a report on Wednesday, October 4th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $31.00 price target on shares of Square in a report on Sunday, October 8th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-four have issued a buy rating to the company. Square presently has an average rating of “Buy” and an average target price of $35.37.

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About Square

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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Institutional Ownership by Quarter for Square (NYSE:SQ)

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