Square, Inc. (NYSE:SQ) Director Mary G. Meeker sold 11,719 shares of the business’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $71.43, for a total value of $837,088.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NYSE:SQ opened at $63.51 on Thursday. The stock has a market cap of $28.88 billion, a price-to-earnings ratio of -635.10 and a beta of 4.24. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.80. Square, Inc. has a 12 month low of $34.14 and a 12 month high of $101.15.

Square (NYSE:SQ) last announced its quarterly earnings results on Wednesday, November 7th. The technology company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The company had revenue of $431.00 million during the quarter, compared to analyst estimates of $414.19 million. Square had a negative return on equity of 1.11% and a negative net margin of 0.87%. The firm’s revenue was up 67.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 earnings per share. Research analysts predict that Square, Inc. will post -0.02 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in SQ. FIL Ltd boosted its position in shares of Square by 75.2% in the third quarter. FIL Ltd now owns 2,965,450 shares of the technology company’s stock worth $293,609,000 after buying an additional 1,272,790 shares during the period. American Century Companies Inc. boosted its position in shares of Square by 2,070.5% in the second quarter. American Century Companies Inc. now owns 827,790 shares of the technology company’s stock worth $51,025,000 after buying an additional 789,651 shares during the period. Legal & General Group Plc boosted its position in shares of Square by 201.3% in the third quarter. Legal & General Group Plc now owns 1,051,975 shares of the technology company’s stock worth $104,156,000 after buying an additional 702,826 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Square by 85.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,450,154 shares of the technology company’s stock worth $143,579,000 after buying an additional 668,394 shares during the period. Finally, Korea Investment CORP purchased a new stake in shares of Square in the second quarter worth about $36,435,000. Institutional investors own 48.16% of the company’s stock.

SQ has been the subject of a number of analyst reports. Goldman Sachs Group boosted their price target on Square from $77.00 to $108.00 and gave the stock a “buy” rating in a report on Monday, October 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 target price (up from $76.00) on shares of Square in a research note on Wednesday, September 19th. Deutsche Bank upped their target price on Square from $78.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 14th. Guggenheim upped their target price on Square from $75.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, August 29th. Finally, Nomura upped their target price on Square from $82.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, August 14th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $82.89.

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About Square

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.

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