Ubiquiti Inc. $UI Shares Sold by Lagoda Investment Management L.P.

Key Points

• Lagoda Investment Management L.P. reduced its Ubiquiti stake by 29.6% in Q3, selling 5,725 shares and leaving 13,615 shares worth $8.99 million, roughly 5.1% of Lagoda’s portfolio and its 10th largest holding.
• Strong quarterly results: Ubiquiti reported $3.88 EPS vs. $3.08 expected and revenue of $814.9M vs. $717.0M expected, with revenue up 35.8% year‑over‑year and a 29.9% net margin.
• Market and payout profile: Shares trade near a 1‑year high with a $46.9B market cap and a P/E of 52.8, and the company pays a $0.80 quarterly dividend ($3.20 annualized, ~0.4% yield).

Lagoda Investment Management L.P. decreased its stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 29.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,615 shares of the company's stock after selling 5,725 shares during the period. Ubiquiti accounts for about 5.1% of Lagoda Investment Management L.P.'s portfolio, making the stock its 10th largest holding. Lagoda Investment Management L.P.'s holdings in Ubiquiti were worth $8,994,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its position in Ubiquiti by 7.1% during the third quarter. PNC Financial Services Group Inc. now owns 256 shares of the company's stock worth $169,000 after acquiring an additional 17 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Ubiquiti by 31.0% during the third quarter. Exchange Traded Concepts LLC now owns 76 shares of the company's stock worth $50,000 after acquiring an additional 18 shares during the period. Baron Wealth Management LLC grew its position in shares of Ubiquiti by 2.2% in the third quarter. Baron Wealth Management LLC now owns 947 shares of the company's stock valued at $626,000 after purchasing an additional 20 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Ubiquiti by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,574 shares of the company's stock valued at $1,700,000 after purchasing an additional 20 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Ubiquiti by 1.5% during the third quarter. US Bancorp DE now owns 1,582 shares of the company's stock worth $1,045,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 4.00% of the company's stock.

Ubiquiti Trading Up 2.0%

Shares of UI stock opened at $775.23 on Tuesday. The stock has a market cap of $46.92 billion, a P/E ratio of 52.81 and a beta of 1.32. Ubiquiti Inc. has a 1 year low of $255.00 and a 1 year high of $803.59. The stock has a 50 day simple moving average of $657.03 and a 200 day simple moving average of $634.39.

Ubiquiti (NYSE:UI - Get Free Report) last posted its quarterly earnings data on Friday, February 6th. The company reported $3.88 EPS for the quarter, topping analysts' consensus estimates of $3.08 by $0.80. The firm had revenue of $814.87 million for the quarter, compared to analyst estimates of $716.95 million. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.The company's revenue was up 35.8% on a year-over-year basis. During the same quarter last year, the company earned $2.28 EPS. Analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were given a $0.80 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.4%. Ubiquiti's dividend payout ratio (DPR) is presently 21.80%.

Wall Street Analyst Weigh In

UI has been the subject of several research reports. Wall Street Zen raised Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday, March 1st. Barclays upped their price objective on Ubiquiti from $455.00 to $527.00 and gave the company an "underweight" rating in a report on Friday, February 6th. Zacks Research upgraded Ubiquiti from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 3rd. Weiss Ratings reissued a "hold (c+)" rating on shares of Ubiquiti in a report on Monday, December 29th. Finally, BWS Financial reissued a "buy" rating and issued a $720.00 target price on shares of Ubiquiti in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $615.67.

Ubiquiti Profile

Ubiquiti Inc NYSE: UI is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti's offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.

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