Y Intercept Hong Kong Ltd Lowers Position in Unity Software Inc. $U

Y Intercept Hong Kong Ltd reduced its stake in Unity Software Inc. (NYSE:U) by 72.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,424 shares of the company’s stock after selling 117,979 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Unity Software were worth $1,779,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of U. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Unity Software by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company’s stock valued at $15,930,000 after acquiring an additional 45,481 shares during the period. Focus Partners Wealth purchased a new stake in Unity Software in the first quarter valued at approximately $260,000. Public Employees Retirement System of Ohio boosted its position in shares of Unity Software by 4.7% during the second quarter. Public Employees Retirement System of Ohio now owns 99,371 shares of the company’s stock worth $2,405,000 after buying an additional 4,491 shares during the period. FengHe Fund Management Pte. Ltd. raised its holdings in shares of Unity Software by 203.0% in the 2nd quarter. FengHe Fund Management Pte. Ltd. now owns 1,107,702 shares of the company’s stock valued at $26,806,000 after buying an additional 742,102 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Unity Software during the 2nd quarter worth about $232,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insider Buying and Selling

In other news, Director David Helgason sold 8,347 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $49.16, for a total value of $410,338.52. Following the completion of the sale, the director directly owned 7,635 shares of the company’s stock, valued at approximately $375,336.60. This represents a 52.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jarrod Yahes sold 27,742 shares of Unity Software stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $42.79, for a total transaction of $1,187,080.18. Following the completion of the transaction, the chief financial officer directly owned 546,129 shares in the company, valued at $23,368,859.91. The trade was a 4.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,647,935 shares of company stock valued at $75,174,498 in the last 90 days. Company insiders own 3.61% of the company’s stock.

Unity Software Stock Down 4.4%

Shares of NYSE:U opened at $38.39 on Friday. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.70. The firm has a 50 day simple moving average of $44.18 and a 200-day simple moving average of $40.25. The company has a market capitalization of $16.43 billion, a PE ratio of -36.56, a P/E/G ratio of 42.10 and a beta of 2.04. Unity Software Inc. has a twelve month low of $15.33 and a twelve month high of $52.15.

Unity Software (NYSE:U) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Unity Software had a negative net margin of 24.15% and a negative return on equity of 9.45%. The firm had revenue of $470.62 million during the quarter, compared to analysts’ expectations of $452.87 million. During the same period in the previous year, the company earned ($0.31) earnings per share. Unity Software’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on U shares. BTIG Research upgraded shares of Unity Software from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Thursday, December 11th. Wells Fargo & Company boosted their price target on shares of Unity Software from $51.00 to $54.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Wedbush increased their price objective on Unity Software from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. The Goldman Sachs Group upped their price target on Unity Software from $42.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Finally, Morgan Stanley lifted their price objective on Unity Software from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $45.27.

About Unity Software

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.