Kessler Investment Group LLC lifted its holdings in shares of Square Inc (NYSE:SQ) by 133.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,725 shares of the technology company’s stock after purchasing an additional 6,695 shares during the quarter. Kessler Investment Group LLC’s holdings in Square were worth $407,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its position in shares of Square by 114.7% during the 2nd 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 during the last quarter. Vanguard Group Inc. increased its position in shares of Square by 73.4% during the 2nd 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 during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Square by 556.5% during the 2nd 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 during the last quarter. Capital World Investors boosted its stake in shares of Square by 32.8% during the 2nd quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock worth $365,925,000 after acquiring an additional 3,853,000 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in shares of Square by 31.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 13,302,170 shares of the technology company’s stock worth $383,235,000 after acquiring an additional 3,147,558 shares during the period. 54.31% of the stock is currently owned by institutional investors.
In other Square news, insider Hillary B. Smith sold 1,551 shares of the company’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 completion of the transaction, the insider now owns 487,482 shares of the company’s stock, valued at approximately $17,120,367.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Sarah Friar sold 38,400 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $41.46, for a total value of $1,592,064.00. Following the completion of the sale, the chief financial officer now owns 349,123 shares in the company, valued at approximately $14,474,639.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,669,532 shares of company stock valued at $65,210,218. Insiders own 32.68% of the company’s stock.
Square Inc (NYSE SQ) opened at $43.61 on Friday. Square Inc has a fifty-two week low of $13.84 and a fifty-two week high of $49.56. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market capitalization of $16,950.00 and a PE ratio of -256.53.
Square (NYSE:SQ) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The business had revenue of $257.12 million during the quarter, compared to analysts’ expectations of $244.95 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The business’s revenue for the quarter was up 44.6% compared to the same quarter last year. equities analysts forecast that Square Inc will post -0.15 earnings per share for the current year.
Several research analysts have recently commented on the company. Vetr upgraded Square from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Monday. Zacks Investment Research downgraded Square from a “buy” rating to a “hold” rating in a research note on Friday. Stephens reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Square in a report on Wednesday, January 10th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Square in a report on Sunday, October 8th. Finally, Barclays lifted their price objective on Square from $28.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $36.13.
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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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