Bank Hapoalim BM bought a new position in Square, Inc. (NYSE:SQ) during the 1st quarter, Holdings Channel reports. The fund bought 3,310 shares of the technology company’s stock, valued at approximately $248,000.

Several other hedge funds also recently added to or reduced their stakes in SQ. Teachers Advisors LLC grew its stake in shares of Square by 7.4% in the 3rd quarter. Teachers Advisors LLC now owns 626,710 shares of the technology company’s stock valued at $62,051,000 after purchasing an additional 43,338 shares during the period. TIAA CREF Investment Management LLC grew its stake in shares of Square by 4.0% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,099,492 shares of the technology company’s stock valued at $108,861,000 after purchasing an additional 42,518 shares during the period. Legal & General Group Plc grew its stake in shares of Square by 201.3% in the 3rd quarter. Legal & General Group Plc now owns 1,051,975 shares of the technology company’s stock valued at $104,156,000 after purchasing an additional 702,826 shares during the period. Federated Investors Inc. PA grew its stake in shares of Square by 56.3% in the 3rd quarter. Federated Investors Inc. PA now owns 137,664 shares of the technology company’s stock valued at $13,630,000 after purchasing an additional 49,598 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in shares of Square by 3.1% in the 4th quarter. State of Alaska Department of Revenue now owns 36,157 shares of the technology company’s stock valued at $2,028,000 after purchasing an additional 1,096 shares during the period. 52.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SQ opened at $65.23 on Thursday. The firm has a market capitalization of $27.12 billion, a price-to-earnings ratio of 3,261.50, a PEG ratio of 16.55 and a beta of 3.49. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.50 and a current ratio of 1.50. Square, Inc. has a 52 week low of $49.82 and a 52 week high of $101.15.

Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.09). The firm had revenue of $489.00 million during the quarter, compared to the consensus estimate of $479.63 million. Square had a negative net margin of 1.47% and a positive return on equity of 1.86%. The firm’s quarterly revenue was up 59.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 earnings per share. Analysts forecast that Square, Inc. will post 0.15 EPS for the current year.

Several equities research analysts have recently weighed in on the company. ValuEngine lowered Square from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. Zacks Investment Research upgraded Square from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Tuesday, May 7th. BMO Capital Markets lowered their price objective on Square to $90.00 and set a “market perform” rating on the stock in a research note on Friday, May 3rd. Wedbush reiterated a “neutral” rating and issued a $75.00 price objective on shares of Square in a research note on Thursday, May 2nd. Finally, SunTrust Banks lowered their price objective on Square to $65.00 and set a “hold” rating on the stock in a research note on Thursday, May 2nd. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-one have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $86.14.

In other Square news, CEO Jack Dorsey sold 103,035 shares of the stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $78.04, for a total value of $8,040,851.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Ajmere Dale sold 2,048 shares of the stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $80.00, for a total value of $163,840.00. Following the completion of the transaction, the chief accounting officer now owns 79,985 shares in the company, valued at $6,398,800. The disclosure for this sale can be found here. Insiders sold a total of 799,641 shares of company stock worth $60,846,073 over the last quarter. Corporate insiders own 21.79% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Bank Hapoalim BM Buys New Holdings in Square, Inc. (SQ)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://www.thecerbatgem.com/2019/05/16/bank-hapoalim-bm-buys-new-holdings-in-square-inc-sq.html.

About Square

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.

Featured Story: Find a Trading Strategy That Works

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)

Receive News & Ratings for Square Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Square and related companies with MarketBeat.com's FREE daily email newsletter.