Square, Inc. (SQ) Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. reduced its position in shares of Square, Inc. (NYSE:SQ) by 4.7% in the 4th quarter, HoldingsChannel reports. The firm owned 11,847 shares of the technology company’s stock after selling 582 shares during the period. Alps Advisors Inc.’s holdings in Square were worth $664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SQ. Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Square by 11,275.7% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,998,253 shares of the technology company’s stock worth $112,082,000 after buying an additional 1,980,687 shares in the last quarter. FIL Ltd increased its holdings in shares of Square by 75.2% during 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 in the last quarter. American Century Companies Inc. increased its holdings in shares of Square by 87.2% during the third quarter. American Century Companies Inc. now owns 1,549,633 shares of the technology company’s stock worth $153,429,000 after buying an additional 721,843 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Square by 201.3% during 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Square by 85.5% during 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 in the last quarter. Institutional investors and hedge funds own 49.83% of the company’s stock.

Shares of SQ opened at $75.63 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.80. The firm has a market cap of $31.26 billion, a price-to-earnings ratio of -756.30, a PEG ratio of 36.00 and a beta of 3.68. Square, Inc. has a 12 month low of $40.72 and a 12 month high of $101.15.

Several research analysts have recently issued reports on SQ shares. Nomura upped their price target on shares of Square from $107.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, January 8th. Wolfe Research upgraded Square from a “market perform” rating to an “outperform” rating in a report on Friday, January 4th. Piper Jaffray Companies decreased their price objective on Square from $92.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, December 21st. Stephens decreased their price objective on Square from $85.00 to $75.00 and set an “equal weight” rating for the company in a report on Thursday, November 29th. They noted that the move was a valuation call. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $91.00 price objective (up from $76.00) on shares of Square in a report on Thursday, November 8th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.55.

In other Square news, insider Ajmere Dale sold 2,048 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $71.76, for a total transaction of $146,964.48. Following the sale, the insider now owns 88,621 shares of the company’s stock, valued at $6,359,442.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jack Dorsey sold 103,035 shares of the company’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $71.83, for a total transaction of $7,401,004.05. The disclosure for this sale can be found here. Insiders have sold 2,130,187 shares of company stock worth $138,749,625 in the last ninety days. Insiders own 27.99% of the company’s stock.

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Square Company 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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Want to see what other hedge funds are holding SQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Square, Inc. (NYSE:SQ).

Institutional Ownership by Quarter for Square (NYSE:SQ)

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