Citigroup Inc. Sells 4,454 Shares of Ubiquiti Inc. $UI

Citigroup Inc. trimmed its stake in shares of Ubiquiti Inc. (NYSE:UI) by 23.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 14,679 shares of the company’s stock after selling 4,454 shares during the quarter. Citigroup Inc.’s holdings in Ubiquiti were worth $9,697,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of UI. Exchange Traded Concepts LLC boosted its holdings in shares of Ubiquiti by 31.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock valued at $50,000 after purchasing an additional 18 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Ubiquiti by 200.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 165 shares of the company’s stock worth $68,000 after buying an additional 110 shares during the last quarter. Westside Investment Management Inc. boosted its stake in Ubiquiti by 100.0% in the third quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock valued at $69,000 after buying an additional 51 shares in the last quarter. Amalgamated Bank grew its position in Ubiquiti by 42.4% in the second quarter. Amalgamated Bank now owns 373 shares of the company’s stock valued at $154,000 after acquiring an additional 111 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Ubiquiti during the third quarter worth about $163,000. Institutional investors own 4.00% of the company’s stock.

Ubiquiti Stock Performance

Shares of UI opened at $766.27 on Friday. The firm has a market cap of $46.37 billion, a PE ratio of 52.20 and a beta of 1.40. Ubiquiti Inc. has a 52-week low of $255.00 and a 52-week high of $803.59. The business’s 50 day moving average price is $612.39 and its two-hundred day moving average price is $609.28.

Ubiquiti (NYSE:UI) last announced its quarterly earnings data on Friday, February 6th. The company reported $3.88 earnings per share for the quarter, beating the consensus estimate 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 net margin of 29.90% and a return on equity of 113.21%. During the same quarter in the prior year, the business earned $2.28 earnings per share. The business’s quarterly revenue was up 35.8% compared to the same quarter last year. Research analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were paid a $0.80 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $3.20 annualized dividend and a dividend yield of 0.4%. Ubiquiti’s dividend payout ratio is presently 21.80%.

Analysts Set New Price Targets

A number of analysts have weighed in on UI shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ubiquiti in a research note on Monday, December 29th. Barclays upped their target price on Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a report on Friday, February 6th. Wall Street Zen raised Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday. Zacks Research upgraded Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Finally, BWS Financial reiterated a “buy” rating and issued a $720.00 price objective on shares of Ubiquiti in a report on Monday, February 9th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $615.67.

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.