Allen Operations LLC raised its position in Square, Inc. (NYSE:SQ) by 7.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 210,825 shares of the technology company’s stock after buying an additional 14,228 shares during the period. Square comprises approximately 4.8% of Allen Operations LLC’s portfolio, making the stock its 7th largest position. Allen Operations LLC owned 0.06% of Square worth $4,946,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SQ. First Trust Advisors LP boosted its stake in shares of Square by 443.4% in the first quarter. First Trust Advisors LP now owns 1,133,456 shares of the technology company’s stock valued at $19,586,000 after buying an additional 924,867 shares during the period. Chicago Equity Partners LLC boosted its stake in shares of Square by 49.5% in the first quarter. Chicago Equity Partners LLC now owns 334,000 shares of the technology company’s stock valued at $5,772,000 after buying an additional 110,650 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Square by 71.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 86,000 shares of the technology company’s stock valued at $1,486,000 after buying an additional 35,700 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Square by 43.4% in the first quarter. Great West Life Assurance Co. Can now owns 17,174 shares of the technology company’s stock valued at $296,000 after buying an additional 5,200 shares during the period. Finally, Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Square during the first quarter valued at about $131,000. 82.02% of the stock is currently owned by institutional investors.

Square, Inc. (NYSE SQ) opened at 24.91 on Tuesday. The firm has a 50-day moving average price of $25.67 and a 200 day moving average price of $20.83. Square, Inc. has a 12 month low of $10.88 and a 12 month high of $27.97. The company’s market cap is $9.56 billion.

Square (NYSE:SQ) last issued its 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 business had revenue of $240 million for the quarter, compared to analyst estimates of $228.64 million. Square had a negative return on equity of 12.41% and a negative net margin of 4.13%. The business’s quarterly revenue was up 40.4% on a year-over-year basis. During the same period last year, the company posted ($0.08) EPS. Equities research analysts predict that Square, Inc. will post $0.24 EPS for the current year.

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Several brokerages have recently issued reports on SQ. Wedbush reaffirmed a “neutral” rating and set a $28.00 price objective on shares of Square in a report on Wednesday, August 9th. Credit Suisse Group reaffirmed a “neutral” rating and set a $26.00 price objective (up from $25.00) on shares of Square in a report on Wednesday, August 9th. Deutsche Bank AG reaffirmed a “buy” rating and set a $28.00 price objective on shares of Square in a report on Wednesday, August 9th. Canaccord Genuity reaffirmed a “hold” rating and set a $26.00 price objective (up from $18.00) on shares of Square in a report on Wednesday, August 9th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $28.00 price objective (up from $21.00) on shares of Square in a report on Wednesday, August 9th. Eleven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $24.61.

In related news, Director James Morgan Jr. Mckelvey sold 90,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $23.36, for a total value of $2,102,400.00. Following the transaction, the director now directly owns 186,308 shares of the company’s stock, valued at approximately $4,352,154.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sarah Friar sold 19,200 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $26.25, for a total value of $504,000.00. Following the completion of the transaction, the chief financial officer now directly owns 368,791 shares in the company, valued at $9,680,763.75. The disclosure for this sale can be found here. Insiders sold a total of 643,600 shares of company stock worth $16,030,464 over the last ninety days. Corporate insiders own 32.68% of the company’s stock.

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.

Institutional Ownership by Quarter for Square (NYSE:SQ)

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