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.
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.
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