TB Alternative Assets Ltd. Purchases 33,300 Shares of Square, Inc. (NYSE:SQ)

TB Alternative Assets Ltd. increased its position in Square, Inc. (NYSE:SQ) by 109.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,700 shares of the technology company’s stock after acquiring an additional 33,300 shares during the quarter. Square comprises about 1.6% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 17th biggest position. TB Alternative Assets Ltd.’s holdings in Square were worth $10,354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SQ. Sandy Spring Bank increased its position in shares of Square by 123.9% in the second quarter. Sandy Spring Bank now owns 253 shares of the technology company’s stock worth $27,000 after purchasing an additional 140 shares during the period. Hall Laurie J Trustee acquired a new position in shares of Square in the third quarter worth approximately $49,000. Nachman Norwood & Parrott Inc acquired a new position in shares of Square in the third quarter worth approximately $62,000. Blue Square Asset Management LLC acquired a new position in shares of Square in the second quarter worth approximately $42,000. Finally, Capstone Financial Group Inc. acquired a new position in Square in the second quarter valued at approximately $50,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.

In other news, insider Sivan Whiteley sold 4,028 shares of Square stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $134.04, for a total transaction of $539,913.12. Following the completion of the transaction, the insider now directly owns 138,776 shares in the company, valued at approximately $18,601,535.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alyssa Henry sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $189.99, for a total value of $1,899,900.00. Following the transaction, the insider now directly owns 423,665 shares in the company, valued at $80,492,113.35. The disclosure for this sale can be found here. Insiders have sold 689,905 shares of company stock worth $112,143,728 in the last quarter. 19.90% of the stock is currently owned by corporate insiders.

Several research firms have recently weighed in on SQ. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Square from $140.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Wells Fargo & Company raised their price target on shares of Square from $75.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Piper Sandler initiated coverage on shares of Square in a report on Monday, July 6th. They issued a “neutral” rating and a $131.00 price target for the company. Wolfe Research upgraded shares of Square from a “peer perform” rating to an “outperform” rating and set a $195.00 price target for the company in a report on Tuesday, September 29th. Finally, Credit Suisse Group raised their price target on shares of Square from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, September 28th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Square presently has a consensus rating of “Hold” and a consensus price target of $127.08.

Shares of NYSE:SQ traded down $2.25 on Friday, hitting $186.35. 5,299,708 shares of the company were exchanged, compared to its average volume of 12,865,664. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.70 and a current ratio of 1.70. The company’s 50 day moving average price is $159.98 and its two-hundred day moving average price is $113.19. Square, Inc. has a one year low of $32.33 and a one year high of $193.44. The firm has a market capitalization of $82.65 billion, a price-to-earnings ratio of 300.56 and a beta of 2.72.

Square (NYSE:SQ) last issued its earnings results on Tuesday, August 4th. The technology company reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.41. Square had a net margin of 5.15% and a negative return on equity of 1.20%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the business earned $0.21 EPS. The firm’s revenue was up 63.8% on a year-over-year basis. Research analysts predict that Square, Inc. will post -0.27 earnings per share 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.

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Institutional Ownership by Quarter for Square (NYSE:SQ)

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