Square, Inc. (NYSE:SQ) Shares Bought by Ladenburg Thalmann Financial Services Inc.
Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Square, Inc. (NYSE:SQ) by 3.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 149,115 shares of the technology company’s stock after acquiring an additional 4,930 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Square were worth $9,274,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stonebridge Financial Planning Group LLC acquired a new stake in shares of Square during the fourth quarter valued at approximately $29,000. Americana Partners LLC purchased a new position in Square during the 4th quarter worth approximately $29,000. Acadian Asset Management LLC acquired a new stake in Square during the 4th quarter valued at $34,000. S.A. Mason LLC acquired a new stake in Square during the 4th quarter valued at $37,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Square in the fourth quarter valued at $38,000. 58.59% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:SQ opened at $52.39 on Thursday. The stock has a market capitalization of $20.16 billion, a P/E ratio of 67.17, a P/E/G ratio of 90.41 and a beta of 2.71. The business has a 50-day moving average of $70.25 and a two-hundred day moving average of $65.95. Square, Inc. has a fifty-two week low of $32.33 and a fifty-two week high of $87.25. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.90.
A number of equities analysts have recently weighed in on the company. Canaccord Genuity reiterated a “buy” rating and issued a $60.00 target price (down previously from $90.00) on shares of Square in a report on Thursday, March 19th. Needham & Company LLC decreased their price target on shares of Square from $95.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday. Rosenblatt Securities lowered their price objective on shares of Square from $72.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday. Berenberg Bank boosted their price objective on shares of Square from $58.00 to $67.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Finally, ValuEngine lowered shares of Square from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eighteen have given a buy rating to the company’s stock. Square currently has an average rating of “Hold” and a consensus target price of $67.32.
In related news, insider Alyssa Henry sold 20,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $70.17, for a total transaction of $1,403,400.00. Following the completion of the transaction, the insider now owns 415,604 shares of the company’s stock, valued at approximately $29,162,932.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jacqueline D. Reses sold 5,596 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $70.98, for a total value of $397,204.08. Following the sale, the insider now owns 229,652 shares of the company’s stock, valued at approximately $16,300,698.96. The disclosure for this sale can be found here. In the last three months, insiders sold 108,316 shares of company stock worth $7,064,905. Insiders own 21.79% of the company’s stock.
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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