GSA Capital Partners LLP Buys Shares of 1,711 Square, Inc. (NYSE:SQ)

GSA Capital Partners LLP bought a new position in Square, Inc. (NYSE:SQ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,711 shares of the technology company’s stock, valued at approximately $278,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fir Tree Capital Management LP acquired a new position in Square during the 2nd quarter worth approximately $9,078,000. Coatue Management LLC grew its stake in shares of Square by 31.0% during the second quarter. Coatue Management LLC now owns 4,326,261 shares of the technology company’s stock worth $453,998,000 after buying an additional 1,022,563 shares during the last quarter. Dragoneer Investment Group LLC increased its holdings in shares of Square by 7.7% during the second quarter. Dragoneer Investment Group LLC now owns 1,777,689 shares of the technology company’s stock worth $186,551,000 after buying an additional 126,571 shares in the last quarter. FIL Ltd lifted its stake in shares of Square by 1.5% in the 2nd quarter. FIL Ltd now owns 1,717,523 shares of the technology company’s stock valued at $179,977,000 after acquiring an additional 25,589 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Square by 4.1% during the 2nd quarter. Swiss National Bank now owns 1,403,295 shares of the technology company’s stock valued at $147,262,000 after acquiring an additional 55,900 shares in the last quarter. Institutional investors own 66.29% of the company’s stock.

Several equities analysts have commented on SQ shares. JPMorgan Chase & Co. increased their target price on Square from $156.00 to $172.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. Mizuho raised their price objective on shares of Square from $225.00 to $300.00 and gave the company a “buy” rating in a report on Thursday. Bank of America reissued a “sell” rating and set a $120.00 target price on shares of Square in a report on Friday, November 6th. ValuEngine raised shares of Square from a “hold” rating to a “buy” rating in a research note on Tuesday, October 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Square from $180.00 to $215.00 in a research note on Tuesday, October 27th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $153.43.

In other Square news, Director David A. Viniar sold 100,000 shares of the business’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $189.11, for a total value of $18,911,000.00. Following the transaction, the director now owns 171,630 shares of the company’s stock, valued at $32,456,949.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James Morgan Jr. Mckelvey sold 200,000 shares of the business’s stock in a transaction on Tuesday, November 17th. The stock was sold at an average price of $177.03, for a total value of $35,406,000.00. Insiders have sold 781,819 shares of company stock worth $136,009,974 over the last three months. 21.79% of the stock is owned by insiders.

SQ stock opened at $195.97 on Friday. The firm has a market capitalization of $86.92 billion, a PE ratio of 316.08 and a beta of 2.68. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.92. Square, Inc. has a twelve month low of $32.33 and a twelve month high of $201.33. The stock’s 50 day moving average is $178.34 and its 200-day moving average is $134.15.

Square (NYSE:SQ) last issued its quarterly earnings data on Thursday, November 5th. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.18. Square had a negative return on equity of 1.20% and a net margin of 5.15%. The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period last year, the business earned $0.25 EPS. The business’s revenue was up 139.6% on a year-over-year basis. On average, equities research analysts anticipate that Square, Inc. will post -0.23 earnings per share for the current fiscal year.

Square Company Profile

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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