Advisor Group Inc. lessened its holdings in Square, Inc. (NYSE:SQ) by 22.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,871 shares of the technology company’s stock after selling 1,724 shares during the quarter. Advisor Group Inc.’s holdings in Square were worth $169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. FMR LLC lifted its position in shares of Square by 114.7% during the 2nd quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock valued at $560,427,000 after buying an additional 12,764,491 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Square by 73.4% during the 2nd quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock valued at $446,558,000 after buying an additional 8,058,892 shares during the last quarter. BlackRock Inc. lifted its position in shares of Square by 7,162.2% during the 1st quarter. BlackRock Inc. now owns 5,383,325 shares of the technology company’s stock valued at $93,023,000 after buying an additional 5,309,197 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Square by 556.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,594,445 shares of the technology company’s stock valued at $107,786,000 after buying an additional 3,894,639 shares during the last quarter. Finally, Capital World Investors lifted its position in shares of Square by 32.8% during the 2nd quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock valued at $365,925,000 after buying an additional 3,853,000 shares during the last quarter. Hedge funds and other institutional investors own 54.38% of the company’s stock.

Square, Inc. (NYSE:SQ) traded down $1.00 during trading hours on Friday, hitting $38.22. The company’s stock had a trading volume of 25,386,042 shares, compared to its average volume of 8,859,468. Square, Inc. has a 1 year low of $12.93 and a 1 year high of $49.56. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.81 and a current ratio of 1.81.

Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $257.12 million for the quarter, compared to analyst estimates of $244.95 million. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The company’s revenue was up 44.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 EPS. research analysts expect that Square, Inc. will post -0.16 earnings per share for the current fiscal year.

In related news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $27.22, for a total transaction of $10,888,000.00. Following the transaction, the director now directly owns 507,385 shares in the company, valued at approximately $13,811,019.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Ajmere Dale sold 17,446 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $38.98, for a total value of $680,045.08. Following the transaction, the chief accounting officer now owns 134,518 shares in the company, valued at $5,243,511.64. The disclosure for this sale can be found here. Insiders have sold a total of 1,425,591 shares of company stock worth $47,976,777 over the last quarter. Corporate insiders own 32.68% of the company’s stock.

A number of research analysts have recently commented on SQ shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $29.00 price target (up previously from $27.00) on shares of Square in a research report on Wednesday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price target (up previously from $20.00) on shares of Square in a research report on Thursday, August 3rd. BidaskClub cut Square from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Deutsche Bank reaffirmed a “buy” rating and set a $28.00 price target on shares of Square in a research report on Wednesday, August 9th. Finally, Vetr cut Square from a “strong-buy” rating to a “buy” rating and set a $30.12 price objective on the stock. in a report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $33.82.

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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.

Institutional Ownership by Quarter for Square (NYSE:SQ)

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