IHT Wealth Management LLC acquired a new stake in Square, Inc. (NYSE:SQ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,304 shares of the technology company’s stock, valued at approximately $329,000.

A number of other large investors also recently modified their holdings of SQ. Vanguard Group Inc. raised its holdings in Square by 8.3% in the 2nd quarter. Vanguard Group Inc. now owns 24,838,878 shares of the technology company’s stock valued at $1,801,564,000 after buying an additional 1,910,823 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Square by 26.4% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,971,195 shares of the technology company’s stock valued at $493,816,000 after acquiring an additional 1,667,227 shares during the period. Nikko Asset Management Americas Inc. increased its position in Square by 32.9% in the 3rd quarter. Nikko Asset Management Americas Inc. now owns 6,691,581 shares of the technology company’s stock valued at $414,543,000 after acquiring an additional 1,656,927 shares during the period. Coatue Management LLC bought a new position in shares of Square during the second quarter valued at $319,388,000. Finally, Bares Capital Management Inc. raised its stake in shares of Square by 542.2% during the second quarter. Bares Capital Management Inc. now owns 3,616,765 shares of the technology company’s stock valued at $262,324,000 after acquiring an additional 3,053,548 shares during the last quarter. 57.90% of the stock is owned by institutional investors and hedge funds.

Square stock opened at $66.88 on Tuesday. The stock has a market capitalization of $29.70 billion, a price-to-earnings ratio of 3,344.00, a PEG ratio of 16.99 and a beta of 3.37. Square, Inc. has a 52-week low of $49.82 and a 52-week high of $83.20. The stock’s 50 day moving average price is $63.97 and its two-hundred day moving average price is $66.56. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.68 and a current ratio of 1.68.

Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The company had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.85 million. Square had a negative net margin of 1.01% and a positive return on equity of 5.72%. The company’s quarterly revenue was up 39.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. On average, equities research analysts forecast that Square, Inc. will post 0.12 EPS for the current year.

In related news, insider Alyssa Henry sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $60.26, for a total value of $1,205,200.00. Following the completion of the sale, the insider now directly owns 442,168 shares of the company’s stock, valued at approximately $26,645,043.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jacqueline D. Reses sold 90,455 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $62.28, for a total value of $5,633,537.40. Following the completion of the sale, the insider now directly owns 368,157 shares of the company’s stock, valued at $22,928,817.96. The disclosure for this sale can be found here. 21.79% of the stock is owned by corporate insiders.

SQ has been the subject of several analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $91.00 target price on shares of Square in a research report on Thursday, October 10th. Bank of America set a $70.00 price target on Square and gave the company a “hold” rating in a research report on Tuesday, September 24th. Moffett Nathanson raised Square from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd. Atlantic Securities initiated coverage on Square in a research report on Tuesday, September 3rd. They set an “underweight” rating and a $55.00 price objective for the company. Finally, UBS Group reaffirmed a “buy” rating and issued a $77.00 price objective (down from $81.00) on shares of Square in a research note on Friday, November 8th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $72.25.

Square Company Profile

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.

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Institutional Ownership by Quarter for Square (NYSE:SQ)

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