Essex Investment Management Co. LLC decreased its position in Square Inc (NYSE:SQ) by 70.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 19,067 shares of the technology company’s stock after selling 46,053 shares during the period. Essex Investment Management Co. LLC’s holdings in Square were worth $661,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Rand Wealth LLC bought a new position in Square in the fourth quarter valued at about $566,000. MUFG Securities EMEA plc bought a new position in shares of Square in the fourth quarter worth about $1,015,000. Public Employees Retirement Association of Colorado raised its stake in shares of Square by 108.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,398,105 shares of the technology company’s stock worth $48,472,000 after buying an additional 728,744 shares during the period. SeaCrest Wealth Management LLC bought a new position in shares of Square in the fourth quarter worth about $364,000. Finally, US Bancorp DE raised its stake in shares of Square by 20.2% in the fourth quarter. US Bancorp DE now owns 10,251 shares of the technology company’s stock worth $355,000 after buying an additional 1,724 shares during the period. 54.66% of the stock is currently owned by institutional investors.

Square Inc (NYSE SQ) opened at $41.67 on Thursday. The company has a market capitalization of $16,190.00 and a P/E ratio of -245.12. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.48. Square Inc has a 1-year low of $13.84 and a 1-year high of $49.56.

Square (NYSE:SQ) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The firm had revenue of $257.12 million during the quarter, compared to analyst estimates of $244.95 million. During the same period last year, the company earned $0.01 EPS. Square’s quarterly revenue was up 44.6% compared to the same quarter last year. research analysts forecast that Square Inc will post -0.15 earnings per share for the current year.

Several research firms have recently commented on SQ. Vetr downgraded Square from a “buy” rating to a “hold” rating and set a $45.60 price objective on the stock. in a research note on Monday, November 20th. Cantor Fitzgerald raised their price objective on Square to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, November 9th. Oppenheimer reaffirmed a “buy” rating on shares of Square in a research note on Monday, November 20th. Evercore ISI raised Square from an “in-line” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research note on Friday, November 17th. Finally, Zacks Investment Research downgraded Square from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $36.96.

In related news, insider Ajmere Dale sold 20,286 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $39.12, for a total transaction of $793,588.32. Following the completion of the sale, the insider now directly owns 134,518 shares of the company’s stock, valued at approximately $5,262,344.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sarah Friar sold 38,400 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $47.24, for a total value of $1,814,016.00. Following the sale, the chief financial officer now directly owns 355,566 shares of the company’s stock, valued at $16,796,937.84. The disclosure for this sale can be found here. Insiders have sold a total of 1,669,532 shares of company stock valued at $65,210,218 over the last three months. 32.68% of the stock is owned by corporate insiders.

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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.

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Institutional Ownership by Quarter for Square (NYSE:SQ)

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