3,794 Ubiquiti Inc. $UI Shares Sold by Motley Fool Asset Management LLC

Key Points

• Motley Fool Asset Management cut its Ubiquiti stake by 80.3% in the third quarter, selling 3,794 shares and retaining 930 shares valued at approximately $528,000.
• Analyst sentiment remains mixed but leans positive: Ubiquiti has an overall “Moderate Buy” rating and an average price target of $734.50, despite Barclays assigning an “underweight” rating and lowering its target to $489.
• Ubiquiti reported quarterly EPS of $4.73, exceeding estimates of $4.03, while revenue reached $937.32 million. The company also increased its quarterly dividend to $1.00 per share, or $4.00 annually.

Motley Fool Asset Management LLC lowered its stake in Ubiquiti Inc. (NYSE:UI - Free Report) by 80.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 930 shares of the company's stock after selling 3,794 shares during the period. Motley Fool Asset Management LLC's holdings in Ubiquiti were worth $528,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of UI. Bank of America Corp DE bought a new position in shares of Ubiquiti during the second quarter worth approximately $17,647,000. Diversify Advisory Services LLC acquired a new stake in shares of Ubiquiti in the second quarter valued at approximately $1,526,000. Canada Pension Plan Investment Board bought a new stake in shares of Ubiquiti in the second quarter valued at approximately $19,140,000. Militia Capital Management LLC bought a new stake in shares of Ubiquiti in the first quarter valued at approximately $1,581,000. Finally, Deutsche Bank AG acquired a new stake in Ubiquiti during the second quarter worth approximately $12,832,000. 4.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. BWS Financial reaffirmed a "buy" rating and issued a $980.00 price objective on shares of Ubiquiti in a report on Tuesday, September 29th. Zacks Research raised Ubiquiti from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 18th. Barclays dropped their price target on Ubiquiti from $672.00 to $489.00 and set an "underweight" rating for the company in a research note on Monday, August 24th. Finally, Weiss Ratings raised shares of Ubiquiti from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $734.50.

Ubiquiti Price Performance

UI stock opened at $607.98 on Friday. The stock has a market cap of $36.78 billion, a price-to-earnings ratio of 38.36 and a beta of 1.30. The company has a 50 day simple moving average of $589.22 and a 200 day simple moving average of $657.56. Ubiquiti Inc. has a 1 year low of $500.23 and a 1 year high of $1,099.99.

Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings data on Friday, August 21st. The company reported $4.73 earnings per share for the quarter, topping analysts' consensus estimates of $4.03 by $0.70. The business had revenue of $937.32 million for the quarter, compared to analyst estimates of $850.50 million. Ubiquiti had a return on equity of 85.57% and a net margin of 29.33%. During the same quarter in the previous year, the company posted $4.41 EPS. On average, equities research analysts anticipate that Ubiquiti Inc. will post 16.94 EPS for the current fiscal year.

Ubiquiti Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 31st were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Ubiquiti's previous quarterly dividend of $0.80. The ex-dividend date was Monday, August 31st. Ubiquiti's dividend payout ratio (DPR) is presently 25.24%.

Ubiquiti Company Profile

Ubiquiti Inc develops and sells networking technology for businesses, service providers and consumers worldwide. The company's products are designed to provide wireless connectivity, routing, switching, network management and related communications capabilities.

Ubiquiti's product portfolio includes the UniFi platform for enterprise and small-business networks, with products such as wireless access points, switches, gateways, security cameras and access-control systems. It also offers solutions for wireless internet service providers and other network operators through its UISP and related product lines, as well as consumer-oriented connectivity products under brands including AmpliFi.

Founded in 2005 by Robert Pera, Ubiquiti distributes its products internationally through distributors, online channels and other sales partners.

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