Deutsche Bank AG trimmed its position in shares of Square Inc (NYSE:SQ) by 26.4% during the 4th quarter, HoldingsChannel reports. The fund owned 569,721 shares of the technology company’s stock after selling 204,158 shares during the period. Deutsche Bank AG’s holdings in Square were worth $19,750,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its position in Square by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,706 shares of the technology company’s stock valued at $274,000 after acquiring an additional 921 shares in the last quarter. US Bancorp DE boosted its position in Square by 20.2% during the 4th quarter. US Bancorp DE now owns 10,251 shares of the technology company’s stock valued at $355,000 after acquiring an additional 1,724 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Square by 36.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,180 shares of the technology company’s stock valued at $264,000 after acquiring an additional 2,428 shares in the last quarter. Aperio Group LLC boosted its position in shares of Square by 25.7% in the 3rd quarter. Aperio Group LLC now owns 12,041 shares of the technology company’s stock worth $347,000 after purchasing an additional 2,460 shares in the last quarter. Finally, Tocqueville Asset Management L.P. boosted its position in shares of Square by 1.7% in the 4th quarter. Tocqueville Asset Management L.P. now owns 151,500 shares of the technology company’s stock worth $5,253,000 after purchasing an additional 2,500 shares in the last quarter. 52.05% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on the company. Vetr cut Square from a “buy” rating to a “hold” rating and set a $58.05 price target on the stock. in a research report on Tuesday. Citigroup reissued an “outperform” rating and issued a $52.00 price target (up from $41.00) on shares of Square in a research report on Thursday, March 1st. Guggenheim reissued a “buy” rating and issued a $50.00 price target on shares of Square in a research report on Thursday, March 1st. Canaccord Genuity boosted their price target on Square from $33.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Finally, Needham & Company LLC boosted their price target on Square from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $43.03.
SQ stock opened at $51.67 on Friday. Square Inc has a 1-year low of $16.22 and a 1-year high of $58.46. The firm has a market cap of $22,627.96, a P/E ratio of -322.94 and a beta of 4.56. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 1.83.
Square (NYSE:SQ) last announced its earnings results on Tuesday, February 27th. The technology company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $616.04 million during the quarter, compared to analyst estimates of $601.63 million. Square had a negative net margin of 2.84% and a negative return on equity of 6.60%. analysts anticipate that Square Inc will post 0.02 earnings per share for the current year.
In other Square news, insider Ajmere Dale sold 1,451 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $40.00, for a total transaction of $58,040.00. Following the completion of the sale, the insider now directly owns 109,586 shares in the company, valued at approximately $4,383,440. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Hillary B. Smith sold 1,551 shares of the business’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 sale, the insider now owns 487,482 shares of the company’s stock, valued at $17,120,367.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,321,457 shares of company stock valued at $60,422,201. Company insiders own 32.68% of the company’s stock.
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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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