Square, Inc. (NYSE:SQ) Shares Purchased by We Are One Seven LLC

We Are One Seven LLC grew its stake in shares of Square, Inc. (NYSE:SQ) by 3.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 8,247 shares of the technology company’s stock after acquiring an additional 246 shares during the period. We Are One Seven LLC’s holdings in Square were worth $511,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SQ. Enterprise Trust & Investment Co acquired a new stake in shares of Square during the 2nd quarter valued at $25,000. Larson Financial Group LLC lifted its holdings in shares of Square by 130.7% in the second quarter. Larson Financial Group LLC now owns 376 shares of the technology company’s stock valued at $27,000 after purchasing an additional 213 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Square by 78.4% in the second quarter. Benjamin Edwards Inc. now owns 512 shares of the technology company’s stock valued at $37,000 after purchasing an additional 225 shares in the last quarter. Atlantic Trust LLC lifted its holdings in shares of Square by 38.9% in the second quarter. Atlantic Trust LLC now owns 521 shares of the technology company’s stock valued at $38,000 after purchasing an additional 146 shares in the last quarter. Finally, Commonwealth Bank of Australia lifted its holdings in shares of Square by 62.5% in the second quarter. Commonwealth Bank of Australia now owns 538 shares of the technology company’s stock valued at $38,000 after purchasing an additional 207 shares in the last quarter. Institutional investors own 55.70% of the company’s stock.

NYSE SQ opened at $61.54 on Friday. Square, Inc. has a 1-year low of $49.82 and a 1-year high of $83.20. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $26.58 billion, a PE ratio of 3,077.00, a price-to-earnings-growth ratio of 22.37 and a beta of 3.40. The firm’s fifty day simple moving average is $60.82 and its 200-day simple moving average is $68.65.

Square (NYSE:SQ) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.20. Square had a negative net margin of 1.35% and a positive return on equity of 2.65%. The business had revenue of $563.00 million for the quarter, compared to the consensus estimate of $557.67 million. During the same period in the prior year, the business posted $0.13 earnings per share. Square’s revenue for the quarter was up 46.2% compared to the same quarter last year. As a group, analysts predict that Square, Inc. will post 0.11 EPS for the current year.

A number of research firms have recently issued reports on SQ. Evercore ISI set a $50.00 target price on Square and gave the company a “sell” rating in a report on Tuesday, September 24th. Wedbush set a $75.00 target price on Square and gave the company a “hold” rating in a report on Tuesday, September 17th. Needham & Company LLC set a $90.00 target price on Square and gave the company a “buy” rating in a report on Thursday, September 12th. BTIG Research restated a “sell” rating and issued a $30.00 target price on shares of Square in a report on Sunday, August 4th. Finally, ValuEngine lowered Square from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $74.17.

In other Square news, insider Alyssa Henry sold 20,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $60.26, for a total transaction of $1,205,200.00. Following the transaction, the insider now directly owns 442,168 shares of the company’s stock, valued at $26,645,043.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jacqueline D. Reses sold 5,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $81.83, for a total transaction of $409,150.00. Following the transaction, the insider now directly owns 373,984 shares in the company, valued at $30,603,110.72. The disclosure for this sale can be found here. Insiders have sold 47,048 shares of company stock worth $2,979,489 over the last three months. Company insiders own 21.79% of the company’s stock.

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.

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Institutional Ownership by Quarter for Square (NYSE:SQ)

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