Edmond DE Rothschild Holding S.A. Sells 800 Shares of Ubiquiti Inc. (NYSE:UI)

Edmond DE Rothschild Holding S.A. cut its stake in shares of Ubiquiti Inc. (NYSE:UI) by 32.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,700 shares of the company’s stock after selling 800 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Ubiquiti were worth $564,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Caprock Group LLC boosted its position in shares of Ubiquiti by 2.3% during the 4th quarter. Caprock Group LLC now owns 1,085 shares of the company’s stock worth $360,000 after purchasing an additional 24 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Ubiquiti by 47.0% in the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock worth $40,000 after acquiring an additional 39 shares in the last quarter. Hanseatic Management Services Inc. grew its stake in Ubiquiti by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 384 shares of the company’s stock valued at $127,000 after acquiring an additional 41 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Ubiquiti by 71.1% during the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company’s stock valued at $43,000 after acquiring an additional 54 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Ubiquiti by 78.8% during the fourth quarter. Blue Trust Inc. now owns 143 shares of the company’s stock worth $47,000 after purchasing an additional 63 shares during the period. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ubiquiti

In other news, CAO Kevin Radigan sold 1,000 shares of Ubiquiti 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 sale, the chief accounting officer now directly owns 2,484 shares in the company, valued at $864,407.16. The trade was a 28.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 93.10% of the company’s stock.

Ubiquiti Stock Up 0.4 %

Shares of NYSE:UI opened at $311.40 on Wednesday. The business’s 50 day moving average is $347.16 and its 200 day moving average is $319.02. Ubiquiti Inc. has a 12-month low of $104.24 and a 12-month high of $469.98. The stock has a market cap of $18.84 billion, a price-to-earnings ratio of 42.31 and a beta of 1.12. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same period last year, the business posted $1.36 earnings per share. On average, sell-side analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal 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 given a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 0.77%. Ubiquiti’s dividend payout ratio is currently 32.61%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. BWS Financial reissued a “buy” rating and issued a $440.00 price target on shares of Ubiquiti in a research report on Monday, February 10th. Barclays reduced their price objective on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a report on Monday, February 10th.

Ubiquiti Profile

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.