Daiwa Securities Group Inc. Invests $274,000 in Square Inc (SQ) Stock

Daiwa Securities Group Inc. purchased a new position in Square Inc (NYSE:SQ) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 7,900 shares of the technology company’s stock, valued at approximately $274,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strs Ohio bought a new stake in shares of Square during the fourth quarter valued at approximately $110,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Square during the fourth quarter valued at approximately $131,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Square during the fourth quarter valued at approximately $139,000. Hudock Capital Group LLC bought a new stake in shares of Square during the third quarter valued at approximately $157,000. Finally, Northeast Investment Management bought a new stake in shares of Square during the third quarter valued at approximately $205,000. 53.31% of the stock is currently owned by institutional investors.

Square Inc (NYSE SQ) opened at $44.11 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.81. The company has a market capitalization of $17,140.00 and a price-to-earnings ratio of -259.47. Square Inc has a one year low of $13.99 and a one year high of $49.56.

In other news, CFO Sarah Friar sold 38,400 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was 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 owns 355,566 shares of the company’s stock, valued at $16,796,937.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ajmere Dale sold 2,814 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $37.23, for a total value of $104,765.22. The disclosure for this sale can be found here. In the last three months, insiders sold 1,266,741 shares of company stock worth $49,532,769. Insiders own 32.68% of the company’s stock.

A number of research firms have recently issued reports on SQ. BTIG Research cut Square from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $12.38 to $30.00 in a research report on Monday, November 27th. Vetr upgraded Square from a “hold” rating to a “buy” rating and set a $51.38 price objective on the stock in a research report on Thursday, November 23rd. Zacks Investment Research upgraded Square from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Tuesday, January 23rd. Oppenheimer reiterated a “buy” rating on shares of Square in a research report on Monday, November 20th. Finally, Wells Fargo & Co assumed coverage on Square in a research report on Tuesday, November 21st. They issued a “market perform” rating and a $42.00 price target on the stock. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $37.13.

COPYRIGHT VIOLATION WARNING: This story was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://stocknewstimes.com/2018/02/20/daiwa-securities-group-inc-invests-274000-in-square-inc-sq-stock.html.

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.

Want to see what other hedge funds are holding SQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Square Inc (NYSE:SQ).

Institutional Ownership by Quarter for Square (NYSE:SQ)

Receive News & Ratings for Square Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Square and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply