Square Inc (SQ) Shares Bought by MML Investors Services LLC
MML Investors Services LLC increased its stake in Square Inc (NYSE:SQ) by 128.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,136 shares of the technology company’s stock after buying an additional 16,380 shares during the period. MML Investors Services LLC’s holdings in Square were worth $1,010,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of SQ. Allianz Asset Management GmbH increased its stake in shares of Square by 31.0% in the third quarter. Allianz Asset Management GmbH now owns 13,302,170 shares of the technology company’s stock worth $383,235,000 after buying an additional 3,147,558 shares during the last quarter. Jennison Associates LLC bought a new stake in Square during the fourth quarter valued at $86,426,000. BlackRock Inc. increased its stake in Square by 18.4% during the fourth quarter. BlackRock Inc. now owns 13,005,859 shares of the technology company’s stock valued at $450,913,000 after purchasing an additional 2,024,019 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Square by 458.6% during the fourth quarter. UBS Asset Management Americas Inc. now owns 1,962,828 shares of the technology company’s stock valued at $68,051,000 after purchasing an additional 1,611,446 shares during the last quarter. Finally, Whale Rock Capital Management LLC bought a new stake in Square during the third quarter valued at $44,337,000. Institutional investors and hedge funds own 52.21% of the company’s stock.
Shares of Square Inc (NYSE:SQ) opened at $51.83 on Wednesday. Square Inc has a 1-year low of $16.11 and a 1-year high of $53.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market cap of $20,820.00 and a PE ratio of -304.88.
Several analysts have weighed in on the stock. Stephens reiterated a “buy” rating and set a $41.00 target price on shares of Square in a research note on Wednesday, January 10th. Vetr upgraded shares of Square from a “hold” rating to a “buy” rating and set a $56.24 target price for the company in a research note on Tuesday. Deutsche Bank boosted their target price on shares of Square from $37.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Credit Suisse Group reiterated a “positive” rating and set a $37.00 target price (up previously from $31.00) on shares of Square in a research note on Monday, November 20th. Finally, Zacks Investment Research lowered shares of Square from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $42.68.
In other Square news, insider Ajmere Dale sold 1,451 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $40.00, for a total transaction of $58,040.00. Following the sale, the insider now owns 109,586 shares in the company, valued at approximately $4,383,440. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Hillary B. Smith sold 75,103 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $37.56, for a total value of $2,820,868.68. Following the sale, the insider now owns 563,798 shares in the company, valued at approximately $21,176,252.88. The disclosure for this sale can be found here. Insiders sold a total of 1,025,177 shares of company stock valued at $43,040,753 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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