Mary G. Meeker Sells 51,422 Shares of Square Inc (SQ) Stock

Square Inc (NYSE:SQ) Director Mary G. Meeker sold 51,422 shares of Square stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $38.25, for a total value of $1,966,891.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Square Inc (NYSE SQ) opened at $37.61 on Thursday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.48. Square Inc has a 1-year low of $13.40 and a 1-year high of $49.56.

Square (NYSE:SQ) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $257.12 million during the quarter, compared to analysts’ expectations of $244.95 million. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The business’s revenue was up 44.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. equities analysts anticipate that Square Inc will post -0.16 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in SQ. FMR LLC lifted its position in Square by 114.7% during the 2nd quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock worth $560,427,000 after acquiring an additional 12,764,491 shares during the period. Vanguard Group Inc. lifted its position in Square by 73.4% during the 2nd quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock worth $446,558,000 after acquiring an additional 8,058,892 shares during the period. Capital World Investors lifted its position in Square by 32.8% during the 2nd quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock worth $365,925,000 after acquiring an additional 3,853,000 shares during the period. Allianz Asset Management GmbH lifted its position in Square by 31.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 13,302,170 shares of the technology company’s stock worth $383,235,000 after acquiring an additional 3,147,558 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Square by 5.8% during the 2nd quarter. Renaissance Technologies LLC now owns 9,076,600 shares of the technology company’s stock worth $212,937,000 after acquiring an additional 498,100 shares during the period. 54.31% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on the company. Zacks Investment Research raised Square from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, October 3rd. Barclays boosted their price objective on Square from $28.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, November 9th. Canaccord Genuity reissued a “hold” rating and set a $26.00 price objective (up previously from $18.00) on shares of Square in a research note on Wednesday, August 9th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $26.00 price target (up previously from $25.00) on shares of Square in a research note on Wednesday, August 9th. Finally, Vetr lowered Square from a “buy” rating to a “hold” rating and set a $31.08 price target on the stock. in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $33.82.

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Square Company Profile

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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