Exchange Traded Concepts LLC Has $12.23 Million Holdings in Unity Software Inc. (NYSE:U)

Exchange Traded Concepts LLC cut its holdings in Unity Software Inc. (NYSE:U) by 18.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 544,401 shares of the company’s stock after selling 122,582 shares during the period. Exchange Traded Concepts LLC’s holdings in Unity Software were worth $12,233,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in shares of Unity Software by 9.7% during the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock worth $106,008,000 after purchasing an additional 413,474 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Unity Software by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock valued at $37,806,000 after purchasing an additional 200,008 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Unity Software by 100.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after acquiring an additional 944,709 shares during the last quarter. Primecap Management Co. CA grew its holdings in shares of Unity Software by 7.1% during the third quarter. Primecap Management Co. CA now owns 811,994 shares of the company’s stock worth $18,367,000 after purchasing an additional 53,541 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new position in Unity Software in the 3rd quarter valued at approximately $12,317,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Stock Down 0.5 %

U opened at $23.00 on Friday. The company has a market cap of $9.27 billion, a P/E ratio of -11.29 and a beta of 2.32. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $35.56. The business’s 50-day moving average price is $23.29 and its 200-day moving average price is $20.23. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.08. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. The firm had revenue of $446.52 million during the quarter, compared to analyst estimates of $428.01 million. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. On average, equities analysts expect that Unity Software Inc. will post -1.72 EPS for the current year.

Insider Transactions at Unity Software

In other news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $17.52, for a total value 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. The trade was a 5.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark Barrysmith sold 1,362 shares of Unity Software stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $21.91, for a total transaction of $29,841.42. Following the completion of the transaction, the chief accounting officer now directly owns 452,276 shares of the company’s stock, valued at $9,909,367.16. This trade represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 764,487 shares of company stock worth $17,521,180. Company insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

U has been the topic of a number of recent analyst reports. Oppenheimer reissued a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. Wells Fargo & Company assumed coverage on shares of Unity Software in a report on Monday, October 28th. They set an “equal weight” rating and a $20.00 price objective on the stock. Morgan Stanley upped their target price on shares of Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Barclays increased their price objective on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Finally, UBS Group increased their target price on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Unity Software has an average rating of “Hold” and an average price target of $22.81.

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.