Square Inc (SQ) Shares Bought by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. increased its stake in shares of Square Inc (NYSE:SQ) by 458.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,962,828 shares of the technology company’s stock after purchasing an additional 1,611,446 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.51% of Square worth $68,051,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SQ. Strs Ohio acquired a new position in Square in the 4th quarter valued at approximately $110,000. Harvest Fund Management Co. Ltd acquired a new position in Square in the 4th quarter valued at approximately $131,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Square in the 4th quarter valued at approximately $139,000. Hudock Capital Group LLC acquired a new position in Square in the 3rd quarter valued at approximately $157,000. Finally, Northeast Investment Management acquired a new position in Square in the 3rd quarter valued at approximately $205,000. Institutional investors and hedge funds own 53.31% of the company’s stock.

In other Square news, CEO Jack Dorsey sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $40.48, for a total value of $2,024,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Hillary B. Smith sold 1,551 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $35.12, for a total transaction of $54,471.12. Following the completion of the transaction, the insider now directly owns 487,482 shares in the company, valued at $17,120,367.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,628,341 shares of company stock worth $65,982,753. 32.68% of the stock is owned by insiders.

Several equities analysts have issued reports on the stock. Stephens restated a “buy” rating and issued a $41.00 price target on shares of Square in a research report on Wednesday, January 10th. Deutsche Bank upped their price target on shares of Square from $37.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Credit Suisse Group restated a “positive” rating and issued a $37.00 price target (up from $31.00) on shares of Square in a research report on Monday, November 20th. Zacks Investment Research cut shares of Square from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Vetr upgraded shares of Square from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-five have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $38.07.

Square Inc (NYSE SQ) opened at $44.86 on Friday. The stock has a market cap of $17,430.00 and a price-to-earnings ratio of -263.88. Square Inc has a 12 month low of $16.11 and a 12 month high of $49.56. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.81 and a current ratio of 1.81.

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Square 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.

Institutional Ownership by Quarter for Square (NYSE:SQ)

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