Landsberg Bennett & Dubbaneh LLC Takes $835,000 Position in Square, Inc. (NYSE:SQ)
Landsberg Bennett & Dubbaneh LLC purchased a new stake in shares of Square, Inc. (NYSE:SQ) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,405 shares of the technology company’s stock, valued at approximately $835,000.
Several other institutional investors and hedge funds have also modified their holdings of SQ. Lenox Wealth Management Inc. bought a new stake in shares of Square during the 1st quarter valued at about $25,000. Legacy Advisors LLC bought a new stake in Square in the 1st quarter worth approximately $27,000. FTB Advisors Inc. bought a new stake in Square in the 1st quarter worth approximately $27,000. Larson Financial Group LLC lifted its position in Square by 130.7% in the 2nd quarter. Larson Financial Group LLC now owns 376 shares of the technology company’s stock worth $27,000 after buying an additional 213 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in Square in the 1st quarter worth approximately $28,000. Hedge funds and other institutional investors own 51.99% of the company’s stock.
Square stock traded up $1.79 during trading hours on Friday, reaching $81.81. The company had a trading volume of 5,661,821 shares, compared to its average volume of 6,899,810. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a 50-day simple moving average of $75.00. The stock has a market cap of $33.85 billion, a price-to-earnings ratio of 4,090.50, a price-to-earnings-growth ratio of 21.45 and a beta of 3.31. Square, Inc. has a 12-month low of $49.82 and a 12-month high of $101.15.
In other news, insider Ajmere Dale sold 4,953 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $80.00, for a total transaction of $396,240.00. Following the transaction, the insider now directly owns 68,079 shares of the company’s stock, valued at $5,446,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jacqueline D. Reses sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $68.35, for a total value of $341,750.00. Following the transaction, the insider now directly owns 413,593 shares in the company, valued at $28,269,081.55. The disclosure for this sale can be found here. Insiders sold a total of 77,249 shares of company stock worth $5,486,225 over the last ninety days. Insiders own 21.79% of the company’s stock.
A number of analysts recently weighed in on the company. Argus upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Monday, July 8th. Raymond James set a C$31.00 target price on Endeavour Mining and gave the stock an “outperform” rating in a research report on Tuesday, July 9th. SunTrust Banks boosted their target price on Markel to $1,100.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Jefferies Financial Group downgraded Alcoa from a “buy” rating to a “hold” rating and dropped their target price for the stock from $29.00 to $23.00 in a research report on Thursday, July 18th. Finally, Citigroup set a $317.00 target price on Mastercard and gave the stock a “buy” rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $87.21.
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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