Ariose Capital Management Ltd Makes New Investment in Unity Software Inc. (NYSE:U)

Ariose Capital Management Ltd bought a new position in Unity Software Inc. (NYSE:U - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 102,300 shares of the company's stock, valued at approximately $2,299,000. Unity Software accounts for 1.9% of Ariose Capital Management Ltd's holdings, making the stock its 8th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Avanza Fonder AB purchased a new position in Unity Software in the fourth quarter valued at about $732,000. Everence Capital Management Inc. purchased a new position in Unity Software in the fourth quarter valued at about $265,000. GAMMA Investing LLC boosted its holdings in Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock valued at $37,000 after purchasing an additional 411 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Unity Software by 186.9% in the fourth quarter. Versant Capital Management Inc now owns 2,812 shares of the company's stock valued at $63,000 after purchasing an additional 1,832 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in Unity Software during the third quarter valued at approximately $728,000. Hedge funds and other institutional investors own 73.46% of the company's stock.

Unity Software Stock Performance

U stock traded down $0.02 during trading on Monday, reaching $21.73. 7,539,915 shares of the stock were exchanged, compared to its average volume of 8,779,268. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $35.56. The company has a market capitalization of $8.75 billion, a P/E ratio of -10.65 and a beta of 2.32. The stock has a 50 day simple moving average of $23.04 and a 200-day simple moving average of $20.10. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Insider Buying and Selling at Unity Software

In other news, SVP Felix The sold 11,719 shares of Unity Software stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $24.39, for a total value of $285,826.41. Following the completion of the transaction, the senior vice president now owns 411,960 shares in the company, valued at approximately $10,047,704.40. The trade was a 2.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the completion of the transaction, the director now owns 4,248,146 shares of the company's stock, valued at $74,427,517.92. This trade represents a 5.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 764,487 shares of company stock valued at $17,521,180. 6.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on U. UBS Group upped their price objective on Unity Software from $15.00 to $20.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Wells Fargo & Company initiated coverage on Unity Software in a research note on Monday, October 28th. They set an "equal weight" rating and a $20.00 price objective on the stock. Morgan Stanley increased their price target on Unity Software from $24.00 to $26.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Oppenheimer reiterated a "market perform" rating on shares of Unity Software in a research report on Friday, October 18th. Finally, Macquarie increased their price target on Unity Software from $15.00 to $16.00 and gave the stock an "underperform" rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $22.58.

Unity Software Company Profile

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.