Franklin Street Advisors Inc. NC Takes $2.84 Million Position in Square Inc (SQ)

Franklin Street Advisors Inc. NC purchased a new stake in shares of Square Inc (NYSE:SQ) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 81,900 shares of the technology company’s stock, valued at approximately $2,839,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SQ. FMR LLC lifted its position in shares of Square by 114.7% during the second quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock valued at $560,427,000 after purchasing an additional 12,764,491 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Square by 73.4% during the second quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock valued at $446,558,000 after purchasing an additional 8,058,892 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Square by 556.5% during the second quarter. Goldman Sachs Group Inc. now owns 4,594,445 shares of the technology company’s stock valued at $107,786,000 after purchasing an additional 3,894,639 shares in the last quarter. Capital World Investors lifted its position in shares of Square by 32.8% during the second quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock valued at $365,925,000 after purchasing an additional 3,853,000 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Square by 31.0% during the third quarter. Allianz Asset Management GmbH now owns 13,302,170 shares of the technology company’s stock valued at $383,235,000 after purchasing an additional 3,147,558 shares in the last quarter. 54.20% of the stock is currently owned by institutional investors.

SQ has been the topic of a number of recent analyst reports. Vetr lowered shares of Square from a “strong-buy” rating to a “buy” rating and set a $30.12 price target on the stock. in a research report on Tuesday, September 12th. Bank of America assumed coverage on shares of Square in a research report on Tuesday, September 12th. They issued a “neutral” rating on the stock. Cantor Fitzgerald assumed coverage on shares of Square in a research report on Tuesday, September 12th. They issued an “overweight” rating and a $31.00 price objective on the stock. Zacks Investment Research raised shares of Square from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Monday, September 25th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Square in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $34.91.

In related news, insider Ajmere Dale sold 1,451 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $40.00, for a total transaction of $58,040.00. Following the completion of the transaction, the insider now owns 109,586 shares of the company’s stock, valued at $4,383,440. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Sarah Friar sold 38,400 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $47.24, for a total transaction of $1,814,016.00. Following the transaction, the chief financial officer now directly owns 355,566 shares of the company’s stock, valued at approximately $16,796,937.84. The disclosure for this sale can be found here. Insiders sold 1,669,532 shares of company stock valued at $62,050,058 in the last quarter. Corporate insiders own 32.68% of the company’s stock.

Square Inc (NYSE:SQ) traded down $0.12 on Wednesday, hitting $40.77. 9,336,116 shares of the stock traded hands, compared to its average volume of 19,293,982. The stock has a market capitalization of $15,880.00 and a P/E ratio of -239.79. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.81. Square Inc has a 52-week low of $13.84 and a 52-week high of $49.56.

Square (NYSE:SQ) last posted its earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $257.12 million during the quarter, compared to the consensus estimate of $244.95 million. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The company’s revenue was up 44.6% on a year-over-year basis. During the same quarter last year, the company earned $0.01 earnings per share. research analysts expect that Square Inc will post -0.15 earnings per share for the current year.

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Square 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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Institutional Ownership by Quarter for Square (NYSE:SQ)

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