Teachers Advisors LLC raised its position in Square, Inc. (NYSE:SQ) by 11.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,516 shares of the technology company’s stock after buying an additional 26,712 shares during the period. Teachers Advisors LLC’s holdings in Square were worth $4,433,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. FMR LLC raised its stake in Square by 24.4% in the first quarter. FMR LLC now owns 11,124,126 shares of the technology company’s stock worth $192,225,000 after buying an additional 2,183,127 shares during the last quarter. TLP Group LLC acquired a new stake in Square during the first quarter worth approximately $381,000. Credit Agricole S A raised its stake in Square by 76.4% in the first quarter. Credit Agricole S A now owns 107,350 shares of the technology company’s stock worth $1,856,000 after buying an additional 46,500 shares during the last quarter. Glassman Wealth Services raised its stake in Square by 1,987.3% in the first quarter. Glassman Wealth Services now owns 6,575 shares of the technology company’s stock worth $114,000 after buying an additional 6,260 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Square by 345.1% in the first quarter. Alliancebernstein L.P. now owns 145,142 shares of the technology company’s stock worth $2,508,000 after buying an additional 112,530 shares during the last quarter. 76.25% of the stock is owned by institutional investors and hedge funds.
Square, Inc. (SQ) opened at 25.52 on Monday. The stock has a 50 day moving average price of $24.96 and a 200 day moving average price of $19.56. The stock’s market capitalization is $9.60 billion. Square, Inc. has a 12 month low of $10.85 and a 12 month high of $27.97.
Square (NYSE:SQ) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $240 million for the quarter, compared to the consensus estimate of $228.64 million. Square had a negative return on equity of 12.41% and a negative net margin of 4.13%. The firm’s revenue for the quarter was up 40.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.08) EPS. Equities analysts predict that Square, Inc. will post $0.19 EPS for the current fiscal year.
Several analysts recently commented on SQ shares. BidaskClub lowered Square from a “strong-buy” rating to a “buy” rating in a report on Saturday. TheStreet raised Square from a “d+” rating to a “c-” rating in a report on Thursday. Vetr raised Square from a “buy” rating to a “strong-buy” rating and set a $29.36 price objective for the company in a report on Thursday. Wedbush started coverage on Square in a report on Thursday. They issued a “neutral” rating and a $28.00 price objective for the company. Finally, Canaccord Genuity lifted their price objective on Square from $18.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $24.61.
In other Square news, CFO Sarah Friar sold 38,400 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $22.09, for a total transaction of $848,256.00. Following the sale, the chief financial officer now directly owns 375,023 shares of the company’s stock, valued at approximately $8,284,258.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jack Dorsey sold 381,500 shares of the stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $20.42, for a total value of $7,790,230.00. The disclosure for this sale can be found here. Insiders have sold a total of 914,900 shares of company stock worth $20,202,610 over the last ninety days. 32.68% of the stock is owned by insiders.
About Square
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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