First Republic Investment Management Inc. Has $491,000 Holdings in Square Inc (SQ)

First Republic Investment Management Inc. grew its position in shares of Square Inc (NYSE:SQ) by 29.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,041 shares of the technology company’s stock after purchasing an additional 3,838 shares during the quarter. First Republic Investment Management Inc.’s holdings in Square were worth $491,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SQ. FMR LLC raised its holdings in Square by 114.7% during the 2nd quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock worth $560,427,000 after purchasing an additional 12,764,491 shares during the last quarter. Vanguard Group Inc. raised its holdings in Square by 73.4% during the 2nd quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock worth $446,558,000 after purchasing an additional 8,058,892 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Square by 556.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,594,445 shares of the technology company’s stock worth $107,786,000 after purchasing an additional 3,894,639 shares during the last quarter. Capital World Investors raised its holdings in Square by 32.8% during the 2nd quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock worth $365,925,000 after purchasing an additional 3,853,000 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in shares of Square by 31.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 13,302,170 shares of the technology company’s stock valued at $383,235,000 after acquiring an additional 3,147,558 shares in the last quarter. Hedge funds and other institutional investors own 54.31% of the company’s stock.

Square Inc (NYSE:SQ) traded up $0.02 during midday trading on Friday, reaching $37.03. 12,932,032 shares of the company traded hands, compared to its average volume of 30,644,256. Square Inc has a twelve month low of $13.53 and a twelve month high of $49.56. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.81.

Square (NYSE:SQ) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. The business had revenue of $257.12 million during the quarter, compared to the consensus estimate of $244.95 million. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. Square’s revenue was up 44.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.01 EPS. sell-side analysts expect that Square Inc will post -0.16 earnings per share for the current year.

SQ has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Square from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, October 3rd. Tigress Financial reiterated a “buy” rating on shares of Square in a research note on Monday, September 25th. Vetr lowered shares of Square from a “strong-buy” rating to a “buy” rating and set a $30.12 price objective for the company. in a research note on Tuesday, September 12th. Royal Bank of Canada reiterated a “buy” rating and issued a $31.00 price objective on shares of Square in a research note on Sunday, October 8th. Finally, Citigroup lifted their price objective on shares of Square from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $33.88.

In other Square news, insider Ajmere Dale sold 20,286 shares of Square stock in a transaction on Monday, November 13th. The shares were sold at an average price of $39.12, for a total transaction of $793,588.32. Following the transaction, the insider now directly owns 134,518 shares of the company’s stock, valued at approximately $5,262,344.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jack Dorsey sold 50,000 shares of Square stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $37.75, for a total transaction of $1,887,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,599,027 shares of company stock worth $58,943,174 over the last ninety days. Insiders own 32.68% of the company’s stock.

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Square Profile

Square, Inc (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment.

Institutional Ownership by Quarter for Square (NYSE:SQ)

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