JPMorgan Chase & Co. Lowers Stock Position in Ubiquiti Inc. (NYSE:UI)

JPMorgan Chase & Co. decreased its holdings in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 57.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,789 shares of the company's stock after selling 17,024 shares during the period. JPMorgan Chase & Co.'s holdings in Ubiquiti were worth $4,245,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in Ubiquiti during the fourth quarter valued at about $15,425,000. Pacer Advisors Inc. raised its position in Ubiquiti by 95.0% during the fourth quarter. Pacer Advisors Inc. now owns 61,825 shares of the company's stock valued at $20,522,000 after purchasing an additional 30,118 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in Ubiquiti during the fourth quarter valued at about $9,274,000. Los Angeles Capital Management LLC purchased a new stake in Ubiquiti during the fourth quarter valued at about $8,619,000. Finally, Barclays PLC increased its holdings in shares of Ubiquiti by 4,880.2% in the third quarter. Barclays PLC now owns 13,347 shares of the company's stock worth $2,959,000 after buying an additional 13,079 shares during the period. Institutional investors own 4.00% of the company's stock.

Ubiquiti Trading Up 3.8 %

NYSE:UI traded up $11.52 during mid-day trading on Thursday, reaching $313.27. 9,659 shares of the company's stock traded hands, compared to its average volume of 80,725. Ubiquiti Inc. has a 12-month low of $106.01 and a 12-month high of $469.98. The firm has a market capitalization of $18.95 billion, a price-to-earnings ratio of 42.63 and a beta of 1.31. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. The company has a 50 day moving average price of $313.25 and a 200-day moving average price of $326.90.

Ubiquiti (NYSE:UI - Get Free Report) last announced its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same quarter in the prior year, the firm posted $1.36 EPS. On average, sell-side analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.77%. Ubiquiti's dividend payout ratio (DPR) is 32.61%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BWS Financial reiterated a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a report on Friday, April 4th. Barclays decreased their price objective on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating on the stock in a report on Monday, February 10th.

Insider Transactions at Ubiquiti

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total transaction of $347,990.00. Following the completion of the transaction, the chief accounting officer now owns 2,484 shares of the company's stock, valued at approximately $864,407.16. This trade represents a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 93.10% of the company's stock.

About Ubiquiti

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.