We Are One Seven LLC Has $511,000 Stake in Square, Inc. (NYSE:SQ)

We Are One Seven LLC raised its position in shares of Square, Inc. (NYSE:SQ) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,247 shares of the technology company’s stock after buying an additional 246 shares during the period. We Are One Seven LLC’s holdings in Square were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Enterprise Trust & Investment Co acquired a new stake in shares of Square during the second quarter worth approximately $25,000. Larson Financial Group LLC increased its holdings in shares of Square by 130.7% in the second quarter. Larson Financial Group LLC now owns 376 shares of the technology company’s stock valued at $27,000 after purchasing an additional 213 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Square by 78.4% in the second quarter. Benjamin Edwards Inc. now owns 512 shares of the technology company’s stock valued at $37,000 after purchasing an additional 225 shares in the last quarter. Atlantic Trust LLC increased its holdings in shares of Square by 38.9% in the second quarter. Atlantic Trust LLC now owns 521 shares of the technology company’s stock valued at $38,000 after purchasing an additional 146 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Square by 67.6% in the second quarter. Assetmark Inc. now owns 523 shares of the technology company’s stock valued at $38,000 after purchasing an additional 211 shares in the last quarter. 55.70% of the stock is owned by institutional investors.

A number of analysts recently weighed in on SQ shares. Craig Hallum raised shares of Square from a “sell” rating to a “hold” rating and raised their price target for the company from $55.00 to $63.00 in a report on Wednesday, September 18th. SunTrust Banks raised shares of Square from a “hold” rating to a “buy” rating in a report on Tuesday, September 3rd. Wedbush set a $75.00 price target on shares of Square and gave the company a “hold” rating in a report on Tuesday, September 17th. Evercore ISI set a $50.00 price target on shares of Square and gave the company a “sell” rating in a report on Tuesday, September 24th. Finally, Wells Fargo & Co raised shares of Square from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Thursday, September 26th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the stock. Square has an average rating of “Hold” and an average target price of $74.17.

In other news, insider Jacqueline D. Reses sold 5,000 shares of Square stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $81.83, for a total transaction of $409,150.00. Following the transaction, the insider now directly owns 373,984 shares of the company’s stock, valued at $30,603,110.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Alyssa Henry sold 20,000 shares of Square stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $60.26, for a total transaction of $1,205,200.00. Following the transaction, the insider now directly owns 442,168 shares in the company, valued at $26,645,043.68. The disclosure for this sale can be found here. Insiders have sold a total of 47,048 shares of company stock valued at $2,979,489 in the last ninety days. Company insiders own 21.79% of the company’s stock.

SQ opened at $61.54 on Friday. The company has a fifty day moving average price of $60.82 and a two-hundred day moving average price of $68.65. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.49 and a current ratio of 1.49. Square, Inc. has a 52 week low of $49.82 and a 52 week high of $83.20. The firm has a market capitalization of $26.58 billion, a PE ratio of 3,077.00, a P/E/G ratio of 22.37 and a beta of 3.40.

Square (NYSE:SQ) last released its earnings results on Thursday, August 1st. The technology company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.20. Square had a negative net margin of 1.35% and a positive return on equity of 2.65%. The firm had revenue of $563.00 million during the quarter, compared to analyst estimates of $557.67 million. During the same quarter in the previous year, the business earned $0.13 EPS. The business’s quarterly revenue was up 46.2% compared to the same quarter last year. Equities analysts forecast that Square, Inc. will post 0.11 EPS for the current year.

Square 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.

Featured Story: What is a closed-end mutual fund (CEF)?

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.