Rational Advisors LLC Takes $309,000 Position in Square, Inc. (NYSE:SQ)

Rational Advisors LLC purchased a new stake in Square, Inc. (NYSE:SQ) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 4,933 shares of the technology company’s stock, valued at approximately $309,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Juncture Wealth Strategies LLC increased its stake in Square by 2.2% during the 4th quarter. Juncture Wealth Strategies LLC now owns 7,610 shares of the technology company’s stock worth $476,000 after purchasing an additional 162 shares in the last quarter. Strategic Advisors LLC boosted its holdings in shares of Square by 4.6% in the fourth quarter. Strategic Advisors LLC now owns 4,023 shares of the technology company’s stock valued at $252,000 after buying an additional 178 shares during the period. Berkeley Capital Partners LLC boosted its holdings in shares of Square by 2.4% in the third quarter. Berkeley Capital Partners LLC now owns 8,462 shares of the technology company’s stock valued at $524,000 after buying an additional 195 shares during the period. Trustcore Financial Services LLC boosted its holdings in shares of Square by 5.1% in the third quarter. Trustcore Financial Services LLC now owns 4,117 shares of the technology company’s stock valued at $255,000 after buying an additional 200 shares during the period. Finally, Benjamin Edwards Inc. increased its position in shares of Square by 39.1% during the third quarter. Benjamin Edwards Inc. now owns 712 shares of the technology company’s stock worth $44,000 after acquiring an additional 200 shares in the last quarter. 57.75% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Jacqueline D. Reses sold 5,596 shares of Square stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $70.98, for a total value of $397,204.08. Following the completion of the transaction, the insider now owns 229,652 shares of the company’s stock, valued at approximately $16,300,698.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Alyssa Henry sold 20,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $66.54, for a total transaction of $1,330,800.00. Following the transaction, the insider now owns 404,205 shares in the company, valued at $26,895,800.70. The disclosure for this sale can be found here. Insiders have sold a total of 156,884 shares of company stock worth $10,309,761 in the last ninety days. Insiders own 21.79% of the company’s stock.

A number of equities research analysts recently commented on the stock. Piper Jaffray Companies dropped their price objective on shares of Square from $75.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Macquarie started coverage on shares of Square in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $105.00 target price for the company. Berenberg Bank upped their target price on shares of Square from $58.00 to $67.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. BMO Capital Markets lowered their target price on Square to $78.00 and set a “market perform” rating for the company in a report on Friday, November 8th. Finally, Evercore ISI dropped their price target on Square from $50.00 to $37.00 and set an “underperform” rating on the stock in a research note on Thursday, November 7th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. Square currently has a consensus rating of “Hold” and an average target price of $73.45.

SQ stock traded up $0.89 during mid-day trading on Friday, reaching $81.88. The company had a trading volume of 370,049 shares, compared to its average volume of 7,869,158. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a 50 day simple moving average of $70.66 and a two-hundred day simple moving average of $65.62. The company has a market capitalization of $34.45 billion, a price-to-earnings ratio of -682.11, a PEG ratio of 34.53 and a beta of 3.26. Square, Inc. has a 52 week low of $54.41 and a 52 week high of $83.20.

About Square

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.

See Also: How to start trading in the forex market?

Want to see what other hedge funds are holding SQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Square, Inc. (NYSE:SQ).

Institutional Ownership by Quarter for Square (NYSE:SQ)

Receive News & Ratings for Square Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Square and related companies with MarketBeat.com's FREE daily email newsletter.