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.

Square (NYSE:SQ) last announced its quarterly earnings results 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 company had revenue of $489.00 million during the quarter, compared to analysts’ expectations of $479.63 million. Square had a positive return on equity of 1.86% and a negative net margin of 1.47%. Square’s revenue for the quarter was up 59.3% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. Analysts anticipate that Square, Inc. will post 0.15 earnings per share for the current year.

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 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.

Further Reading: Total Return

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Institutional Ownership by Quarter for Square (NYSE:SQ)

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