WJ Wealth Management LLC Has $731,000 Position in Square, Inc. (NYSE:SQ)

WJ Wealth Management LLC increased its holdings in shares of Square, Inc. (NYSE:SQ) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,045 shares of the technology company’s stock after acquiring an additional 89 shares during the quarter. WJ Wealth Management LLC’s holdings in Square were worth $731,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Square by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 24,760,800 shares of the technology company’s stock valued at $6,036,683,000 after buying an additional 195,530 shares in the last quarter. Jennison Associates LLC grew its holdings in Square by 10.3% in the 2nd quarter. Jennison Associates LLC now owns 10,679,245 shares of the technology company’s stock valued at $2,603,600,000 after buying an additional 998,909 shares in the last quarter. Lone Pine Capital LLC grew its holdings in Square by 81.7% in the 2nd quarter. Lone Pine Capital LLC now owns 5,715,271 shares of the technology company’s stock valued at $1,393,383,000 after buying an additional 2,570,126 shares in the last quarter. Coatue Management LLC grew its holdings in Square by 17.5% in the 2nd quarter. Coatue Management LLC now owns 4,559,178 shares of the technology company’s stock valued at $1,111,528,000 after buying an additional 679,147 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Square by 6.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,375,022 shares of the technology company’s stock valued at $1,066,630,000 after buying an additional 273,498 shares in the last quarter. 62.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of SQ opened at $212.08 on Friday. Square, Inc. has a 1 year low of $191.36 and a 1 year high of $289.23. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.90 and a quick ratio of 1.95. The business has a 50-day moving average of $241.88 and a 200-day moving average of $242.99. The company has a market capitalization of $97.83 billion, a price-to-earnings ratio of 198.21, a price-to-earnings-growth ratio of 12.51 and a beta of 2.36.

Square (NYSE:SQ) last released its quarterly earnings results on Thursday, November 4th. The technology company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.26. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.48 billion. Square had a return on equity of 14.15% and a net margin of 3.21%. Square’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 EPS. As a group, sell-side analysts anticipate that Square, Inc. will post 0.54 EPS for the current year.

Several analysts have recently issued reports on SQ shares. TheStreet lowered Square from a “b-” rating to a “c+” rating in a report on Wednesday, September 29th. Keefe, Bruyette & Woods increased their target price on Square from $281.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, August 3rd. Piper Sandler reduced their target price on Square from $290.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, November 5th. Tigress Financial increased their target price on Square from $295.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, November 17th. Finally, Atlantic Securities raised Square from a “neutral” rating to an “overweight” rating and set a $300.00 target price on the stock in a report on Tuesday, October 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $300.49.

In other Square news, insider Alyssa Henry sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 17th. The stock was sold at an average price of $233.78, for a total transaction of $2,337,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Grassadonia sold 3,728 shares of the company’s stock in a transaction that occurred on Thursday, September 2nd. The stock was sold at an average price of $270.86, for a total value of $1,009,766.08. Following the transaction, the insider now owns 104,433 shares in the company, valued at approximately $28,286,722.38. The disclosure for this sale can be found here. Insiders have sold a total of 93,166 shares of company stock valued at $23,269,558 in the last ninety days. 15.12% of the stock is currently owned by corporate insiders.

Square Company 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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