Alliancebernstein L.P. boosted its position in Square, Inc. (NYSE:SQ) by 73.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 251,442 shares of the technology company’s stock after acquiring an additional 106,300 shares during the quarter. Alliancebernstein L.P. owned 0.07% of Square worth $5,899,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in Square by 22.7% in the first quarter. Pacer Advisors Inc. now owns 5,883 shares of the technology company’s stock valued at $102,000 after acquiring an additional 1,090 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Square by 19.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock valued at $158,000 after acquiring an additional 1,099 shares during the last quarter. FNY Partners Fund LP increased its stake in Square by 55.4% in the first quarter. FNY Partners Fund LP now owns 10,100 shares of the technology company’s stock valued at $174,000 after acquiring an additional 3,600 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Square by 0.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,150 shares of the technology company’s stock valued at $175,000 after acquiring an additional 30 shares during the last quarter. Finally, Baker Avenue Asset Management LP bought a new position in Square in the first quarter valued at $176,000. 53.83% of the stock is currently owned by institutional investors and hedge funds.

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In other Square news, CFO Sarah Friar sold 19,200 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $26.25, for a total value of $504,000.00. Following the completion of the sale, the chief financial officer now directly owns 368,791 shares of the company’s stock, valued at approximately $9,680,763.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $25.02, for a total transaction of $10,008,000.00. Following the completion of the sale, the director now directly owns 507,385 shares of the company’s stock, valued at $12,694,772.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 972,800 shares of company stock valued at $25,520,512. 32.68% of the stock is owned by corporate insiders.

SQ has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Square from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, August 1st. Mizuho initiated coverage on shares of Square in a research report on Wednesday, June 28th. They set a “buy” rating and a $28.00 price target for the company. Jefferies Group LLC restated a “buy” rating and set a $28.00 price target on shares of Square in a research report on Thursday, July 6th. Vetr lowered shares of Square from a “strong-buy” rating to a “buy” rating and set a $30.12 price target for the company. in a research report on Tuesday, September 12th. Finally, Credit Suisse Group upped their price target on shares of Square from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, August 3rd. Twelve investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Square presently has a consensus rating of “Buy” and an average price target of $24.95.

Square, Inc. (NYSE:SQ) opened at 28.81 on Friday. Square, Inc. has a 1-year low of $10.88 and a 1-year high of $29.00. The company’s market capitalization is $11.05 billion. The company has a 50-day moving average of $26.00 and a 200-day moving average of $22.21.

Square (NYSE:SQ) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $240.00 million during the quarter, compared to analysts’ expectations of $228.64 million. Square had a negative net margin of 4.13% and a negative return on equity of 12.41%. The firm’s quarterly revenue was up 40.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.08) EPS. Equities analysts expect that Square, Inc. will post $0.24 EPS for the current fiscal year.

Square 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.

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Institutional Ownership by Quarter for Square (NYSE:SQ)

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