Fmr LLC Has $613,000 Stake in Ubiquiti Inc. (NYSE:UI)

FMR LLC raised its stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 200.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,764 shares of the company's stock after purchasing an additional 1,845 shares during the quarter. FMR LLC's holdings in Ubiquiti were worth $613,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. SW Investment Management LLC raised its stake in shares of Ubiquiti by 9.1% in the 2nd quarter. SW Investment Management LLC now owns 300,000 shares of the company's stock valued at $43,698,000 after buying an additional 25,000 shares in the last quarter. Bank of New York Mellon Corp raised its position in Ubiquiti by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 139,704 shares of the company's stock worth $20,349,000 after purchasing an additional 2,041 shares in the last quarter. Millennium Management LLC raised its position in Ubiquiti by 86.2% in the second quarter. Millennium Management LLC now owns 58,349 shares of the company's stock worth $8,499,000 after purchasing an additional 27,011 shares in the last quarter. Pacer Advisors Inc. bought a new position in Ubiquiti during the third quarter worth about $7,030,000. Finally, AQR Capital Management LLC boosted its holdings in Ubiquiti by 88.8% during the second quarter. AQR Capital Management LLC now owns 23,546 shares of the company's stock valued at $3,372,000 after purchasing an additional 11,076 shares in the last quarter. Institutional investors and hedge funds own 4.00% of the company's stock.

Ubiquiti Trading Up 2.7 %

NYSE:UI traded up $8.74 on Thursday, reaching $335.23. The company's stock had a trading volume of 79,781 shares, compared to its average volume of 77,883. Ubiquiti Inc. has a 1-year low of $104.24 and a 1-year high of $366.33. The business's 50-day moving average price is $307.76 and its two-hundred day moving average price is $223.22. The firm has a market cap of $20.27 billion, a PE ratio of 51.89 and a beta of 1.12. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.32 and a current ratio of 2.54.

Ubiquiti Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $2.40 annualized dividend and a yield of 0.72%. Ubiquiti's dividend payout ratio is currently 37.15%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UI. StockNews.com raised shares of Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday, November 17th. BWS Financial lifted their target price on shares of Ubiquiti from $240.00 to $385.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, Barclays boosted their target price on Ubiquiti from $104.00 to $236.00 and gave the stock an "underweight" rating in a report on Monday, November 11th.

About Ubiquiti

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.