HighTower Advisors LLC boosted its position in shares of Square, Inc. (NYSE:SQ) by 54.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 18,944 shares of the technology company’s stock after buying an additional 6,673 shares during the period. HighTower Advisors LLC’s holdings in Square were worth $327,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC boosted its position in shares of Square by 641.8% in the first quarter. Renaissance Technologies LLC now owns 8,578,500 shares of the technology company’s stock worth $148,236,000 after buying an additional 7,422,000 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Square by 72.1% in the first quarter. Bank of New York Mellon Corp now owns 14,480,815 shares of the technology company’s stock worth $250,229,000 after buying an additional 6,065,730 shares in the last quarter. BlackRock Inc. boosted its position in shares of Square by 7,162.2% in the first quarter. BlackRock Inc. now owns 5,383,325 shares of the technology company’s stock worth $93,023,000 after buying an additional 5,309,197 shares in the last quarter. FMR LLC boosted its position in shares of Square by 24.4% in the first quarter. FMR LLC now owns 11,124,126 shares of the technology company’s stock worth $192,225,000 after buying an additional 2,183,127 shares in the last quarter. Finally, Hamilton Lane Advisors LLC boosted its position in shares of Square by 526.1% in the first quarter. Hamilton Lane Advisors LLC now owns 1,942,530 shares of the technology company’s stock worth $33,567,000 after buying an additional 1,632,263 shares in the last quarter. 76.60% of the stock is currently owned by institutional investors.

Shares of Square, Inc. (NYSE SQ) opened at 26.59 on Wednesday. The company’s 50 day moving average price is $24.09 and its 200 day moving average price is $18.72. The company’s market capitalization is $9.95 billion. Square, Inc. has a 52-week low of $9.31 and a 52-week high of $26.79.

Square (NYSE:SQ) last issued its quarterly earnings results on Wednesday, May 3rd. The technology company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.05. Square had a negative return on equity of 15.81% and a negative net margin of 5.02%. The firm had revenue of $461.55 million for the quarter, compared to the consensus estimate of $450.66 million. On average, analysts predict that Square, Inc. will post ($0.19) EPS for the current year.

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SQ has been the topic of a number of analyst reports. Vetr raised Square from a “buy” rating to a “strong-buy” rating and set a $22.17 price target on the stock in a research note on Thursday, May 11th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $20.00 price target (up from $17.00) on shares of Square in a research note on Friday, May 19th. BTIG Research reaffirmed a “buy” rating and issued a $20.00 price target on shares of Square in a research note on Friday, May 5th. Zacks Investment Research cut Square from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $23.00 price target (up from $20.00) on shares of Square in a research note on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Square has a consensus rating of “Buy” and a consensus target price of $20.86.

In related news, CFO Sarah Friar sold 2,696 shares of the stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $18.23, for a total value of $49,148.08. Following the transaction, the chief financial officer now owns 373,220 shares of the company’s stock, valued at $6,803,800.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jack Dorsey sold 381,500 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $18.63, for a total value of $7,107,345.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,257,838 shares of company stock worth $26,147,516. 32.68% of the stock is owned by insiders.

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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