Square, Inc. (NYSE:SQ) Shares Sold by Apriem Advisors

Apriem Advisors trimmed its holdings in Square, Inc. (NYSE:SQ) by 13.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,775 shares of the technology company’s stock after selling 425 shares during the period. Apriem Advisors’ holdings in Square were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bares Capital Management Inc. grew its holdings in Square by 542.2% during the 2nd quarter. Bares Capital Management Inc. now owns 3,616,765 shares of the technology company’s stock worth $262,324,000 after acquiring an additional 3,053,548 shares in the last quarter. Viking Global Investors LP acquired a new stake in Square during the 2nd quarter worth $192,729,000. Hall Kathryn A. acquired a new stake in Square during the 2nd quarter worth $453,000. Marshall Wace North America L.P. boosted its stake in Square by 277.5% during the 2nd quarter. Marshall Wace North America L.P. now owns 221,308 shares of the technology company’s stock worth $16,051,000 after purchasing an additional 162,685 shares during the last quarter. Finally, Balyasny Asset Management LLC boosted its stake in Square by 271.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 33,719 shares of the technology company’s stock worth $2,446,000 after purchasing an additional 53,359 shares during the last quarter. Institutional investors own 55.70% of the company’s stock.

A number of analysts have issued reports on SQ shares. Wedbush set a $75.00 price target on shares of Square and gave the stock a “hold” rating in a research note on Tuesday, September 17th. Susquehanna Bancshares upgraded shares of Square from a “neutral” rating to a “positive” rating and set a $77.00 price target on the stock in a research note on Friday. Needham & Company LLC set a $90.00 price target on shares of Square and gave the stock a “buy” rating in a research note on Thursday, September 12th. Evercore ISI set a $50.00 price target on shares of Square and gave the stock a “sell” rating in a research note on Tuesday, September 24th. Finally, Wells Fargo & Co upgraded shares of Square from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Thursday, September 26th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $74.17.

In related news, insider Jacqueline D. Reses sold 5,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $81.83, for a total value of $409,150.00. Following the transaction, the insider now owns 373,984 shares in the company, valued at $30,603,110.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Alyssa Henry sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $61.86, for a total transaction of $1,237,200.00. Following the completion of the sale, the insider now owns 442,168 shares in the company, valued at approximately $27,352,512.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,048 shares of company stock valued at $2,979,489. 21.79% of the stock is owned by company insiders.

Shares of NYSE SQ traded down $0.49 during trading hours on Friday, hitting $61.54. 8,972,370 shares of the company’s stock were exchanged, compared to its average volume of 9,517,302. Square, Inc. has a 1-year low of $49.82 and a 1-year high of $83.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $26.58 billion, a price-to-earnings ratio of 3,077.00, a PEG ratio of 22.37 and a beta of 3.40. The company’s 50-day moving average price is $60.82 and its 200-day moving average price is $68.65.

Square (NYSE:SQ) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.20. The business had revenue of $563.00 million during the quarter, compared to analysts’ expectations of $557.67 million. Square had a positive return on equity of 2.65% and a negative net margin of 1.35%. The firm’s revenue was up 46.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. On average, research analysts expect that Square, Inc. will post 0.11 earnings per share for the current year.

Square Profile

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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Institutional Ownership by Quarter for Square (NYSE:SQ)

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