Biondo Investment Advisors LLC acquired a new position in shares of Square Inc (NYSE:SQ) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 77,925 shares of the technology company’s stock, valued at approximately $2,702,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Strs Ohio acquired a new stake in shares of Square during the 4th quarter valued at $110,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Square during the 4th quarter valued at $131,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Square during the 4th quarter valued at $139,000. Hudock Capital Group LLC acquired a new stake in shares of Square during the 3rd quarter valued at $157,000. Finally, Northeast Investment Management acquired a new stake in shares of Square during the 3rd quarter valued at $205,000. Hedge funds and other institutional investors own 54.66% of the company’s stock.

A number of brokerages have issued reports on SQ. Susquehanna Bancshares lifted their target price on shares of Square from $43.00 to $51.00 and gave the company a “positive” rating in a research note on Monday, February 5th. Stephens reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Square in a research note on Wednesday, January 10th. Vetr lowered shares of Square from a “strong-buy” rating to a “buy” rating and set a $43.40 price objective for the company. in a research note on Monday, November 13th. Barclays lifted their price objective on shares of Square from $28.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research raised shares of Square from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $36.96.

In other news, insider Hillary B. Smith sold 75,103 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $37.56, for a total transaction of $2,820,868.68. Following the transaction, the insider now owns 563,798 shares in the company, valued at approximately $21,176,252.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ajmere Dale sold 20,286 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $39.12, for a total transaction of $793,588.32. Following the completion of the sale, the insider now directly owns 134,518 shares in the company, valued at approximately $5,262,344.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,648,627 shares of company stock worth $64,395,445. Insiders own 32.68% of the company’s stock.

Square Inc (SQ) opened at $39.57 on Friday. Square Inc has a twelve month low of $13.84 and a twelve month high of $49.56. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.48. The stock has a market cap of $15,380.00 and a PE ratio of -232.76.

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

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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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Institutional Ownership by Quarter for Square (NYSE:SQ)

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