Geode Capital Management LLC grew its holdings in Square Inc (NYSE:SQ) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,147,173 shares of the technology company’s stock after acquiring an additional 179,830 shares during the period. Geode Capital Management LLC’s holdings in Square were worth $74,398,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SQ. Ark Investment Management LLC boosted its holdings in shares of Square by 18.2% in the 2nd quarter. Ark Investment Management LLC now owns 288,524 shares of the technology company’s stock valued at $6,769,000 after acquiring an additional 44,524 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Square by 8.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,706 shares of the technology company’s stock valued at $274,000 after acquiring an additional 921 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Square by 25.7% in the 3rd quarter. Aperio Group LLC now owns 12,041 shares of the technology company’s stock valued at $347,000 after acquiring an additional 2,460 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Square by 111.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 143,724 shares of the technology company’s stock valued at $4,141,000 after acquiring an additional 75,627 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its holdings in shares of Square by 12.0% in the 3rd quarter. State of Wisconsin Investment Board now owns 49,554 shares of the technology company’s stock valued at $1,428,000 after acquiring an additional 5,302 shares during the last quarter. 52.21% of the stock is currently owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

Several analysts have recently commented on the stock. Vetr downgraded shares of Square from a “buy” rating to a “hold” rating and set a $54.08 price objective on the stock. in a report on Monday. BTIG Research downgraded shares of Square from a “neutral” rating to a “sell” rating and upped their price objective for the company from $12.38 to $30.00 in a report on Monday, November 27th. Credit Suisse Group upped their price objective on shares of Square from $37.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Craig Hallum reissued a “hold” rating and set a $41.00 price target (up from $33.00) on shares of Square in a report on Wednesday, February 28th. Finally, SunTrust Banks increased their price target on shares of Square to $42.00 and gave the stock a “hold” rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. Square has a consensus rating of “Buy” and a consensus price target of $42.68.

Square Inc (NYSE SQ) opened at $51.83 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.46. The firm has a market cap of $20,820.00 and a price-to-earnings ratio of -304.88. Square Inc has a 12-month low of $16.11 and a 12-month high of $53.79.

Square (NYSE:SQ) last posted its quarterly earnings data on Tuesday, February 27th. The technology company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. The company had revenue of $616.04 million during the quarter, compared to analysts’ expectations of $601.63 million. Square had a negative net margin of 2.84% and a negative return on equity of 6.60%. equities analysts predict that Square Inc will post 0.02 EPS for the current fiscal year.

In other news, insider Hillary B. Smith sold 75,103 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $37.56, for a total value of $2,820,868.68. Following the completion of the sale, the insider now directly owns 563,798 shares in the company, valued at $21,176,252.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ajmere Dale sold 5,272 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $49.07, for a total transaction of $258,697.04. Following the completion of the sale, the insider now owns 106,533 shares of the company’s stock, valued at $5,227,574.31. The disclosure for this sale can be found here. Insiders sold 1,025,177 shares of company stock valued at $43,040,753 over the last quarter. Company insiders own 32.68% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://www.dailypolitical.com/2018/03/14/geode-capital-management-llc-acquires-179830-shares-of-square-inc-sq.html.

About Square

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.

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.