AE Wealth Management LLC Sells 2,037 Shares of Ubiquiti Inc. $UI

AE Wealth Management LLC decreased its holdings in Ubiquiti Inc. (NYSE:UI) by 48.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,180 shares of the company’s stock after selling 2,037 shares during the quarter. AE Wealth Management LLC’s holdings in Ubiquiti were worth $1,440,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its stake in shares of Ubiquiti by 33.8% in the first quarter. Goldman Sachs Group Inc. now owns 33,836 shares of the company’s stock worth $10,494,000 after purchasing an additional 8,551 shares during the last quarter. Woodline Partners LP raised its position in Ubiquiti by 22.1% in the 1st quarter. Woodline Partners LP now owns 1,214 shares of the company’s stock valued at $377,000 after buying an additional 220 shares during the last quarter. Jane Street Group LLC boosted its holdings in Ubiquiti by 12.9% during the 1st quarter. Jane Street Group LLC now owns 13,768 shares of the company’s stock worth $4,270,000 after acquiring an additional 1,570 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Ubiquiti by 2.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,307 shares of the company’s stock worth $538,000 after acquiring an additional 25 shares in the last quarter. Finally, Truist Financial Corp grew its stake in shares of Ubiquiti by 16.6% in the 2nd quarter. Truist Financial Corp now owns 1,472 shares of the company’s stock worth $606,000 after acquiring an additional 210 shares in the last quarter. 4.00% of the stock is owned by institutional investors.

Ubiquiti Stock Down 1.0%

NYSE UI opened at $545.88 on Tuesday. The company’s 50 day moving average is $563.73 and its 200-day moving average is $577.39. The firm has a market cap of $33.03 billion, a P/E ratio of 41.73 and a beta of 1.40. Ubiquiti Inc. has a 12-month low of $255.00 and a 12-month high of $803.59.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, November 7th. The company reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.98. Ubiquiti had a net margin of 28.72% and a return on equity of 132.71%. The business had revenue of $733.77 million for the quarter, compared to analysts’ expectations of $702.38 million. Equities analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 17th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, November 17th. Ubiquiti’s payout ratio is presently 24.46%.

Insider Buying and Selling at Ubiquiti

In other news, CAO Kevin Radigan sold 350 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $576.58, for a total value of $201,803.00. Following the sale, the chief accounting officer directly owned 2,768 shares of the company’s stock, valued at approximately $1,595,973.44. This represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 93.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wall Street Zen cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Barclays lifted their price target on Ubiquiti from $299.00 to $455.00 and gave the stock an “underweight” rating in a report on Tuesday, November 11th. BWS Financial reiterated a “buy” rating and set a $720.00 target price on shares of Ubiquiti in a research note on Thursday, January 15th. Zacks Research upgraded shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Ubiquiti in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $591.67.

Ubiquiti Company 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.