American International Group Inc. bought a new stake in Square Inc (NYSE:SQ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,760 shares of the technology company’s stock, valued at approximately $200,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Strs Ohio acquired a new stake in shares of Square during the fourth quarter worth $110,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Square during the fourth quarter worth $131,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Square during the fourth quarter worth $139,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Square during the fourth quarter worth $208,000. Finally, Horan Capital Management acquired a new stake in shares of Square during the fourth quarter worth $221,000. Institutional investors own 52.21% of the company’s stock.
In other news, insider Ajmere Dale sold 5,272 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $49.07, for a total transaction of $258,697.04. Following the completion of the sale, the insider now owns 106,533 shares of the company’s stock, valued at $5,227,574.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jacqueline D. Reses sold 15,000 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $45.18, for a total transaction of $677,700.00. Following the sale, the insider now directly owns 599,961 shares of the company’s stock, valued at approximately $27,106,237.98. The disclosure for this sale can be found here. Insiders have sold 1,025,177 shares of company stock valued at $43,040,753 in the last three months. Corporate insiders own 32.68% of the company’s stock.
SQ has been the subject of several research reports. Goldman Sachs Group upgraded shares of Square to a “buy” rating in a research note on Thursday, November 16th. Evercore ISI upgraded shares of Square from an “in-line” rating to an “outperform” rating and set a $51.00 price objective for the company in a research note on Friday, November 17th. Credit Suisse Group reiterated a “positive” rating and set a $37.00 price objective (up from $31.00) on shares of Square in a research note on Monday, November 20th. Nomura reiterated a “buy” rating and set a $64.00 price objective (up from $48.00) on shares of Square in a research note on Friday, January 19th. Finally, Zacks Investment Research upgraded shares of Square from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $42.68.
Shares of Square Inc (NYSE SQ) opened at $51.83 on Wednesday. The company has a market cap of $20,820.00 and a PE ratio of -304.88. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.83 and a current ratio of 1.83. Square Inc has a one year low of $16.11 and a one year high of $53.79.
Square (NYSE:SQ) last released its earnings results on Tuesday, February 27th. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $616.04 million during the quarter, compared to analysts’ expectations of $601.63 million. Square had a negative net margin of 2.84% and a negative return on equity of 6.60%. research analysts forecast that Square Inc will post 0.02 EPS for the current fiscal year.
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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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