TB Alternative Assets Ltd. Purchases Shares of 65,846 Unity Software Inc. $U

TB Alternative Assets Ltd. acquired a new position in Unity Software Inc. (NYSE:U) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 65,846 shares of the company’s stock, valued at approximately $2,908,000. Unity Software comprises about 0.5% of TB Alternative Assets Ltd.’s portfolio, making the stock its 26th biggest position.

Several other hedge funds have also modified their holdings of U. Wellington Management Group LLP grew its holdings in shares of Unity Software by 58.7% in the third quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock valued at $729,284,000 after purchasing an additional 6,734,285 shares in the last quarter. Norges Bank bought a new position in Unity Software during the second quarter valued at $151,221,000. Slate Path Capital LP grew its stake in shares of Unity Software by 25.4% in the 2nd quarter. Slate Path Capital LP now owns 20,016,952 shares of the company’s stock worth $484,410,000 after buying an additional 4,048,484 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Unity Software in the 3rd quarter worth about $106,233,000. Finally, Duquesne Family Office LLC purchased a new stake in shares of Unity Software during the 2nd quarter valued at about $42,932,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Unity Software

In other Unity Software news, CAO Mark Barrysmith sold 10,578 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $18.07, for a total transaction of $191,144.46. Following the transaction, the chief accounting officer directly owned 383,901 shares in the company, valued at $6,937,091.07. This trade represents a 2.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Alexander Blum sold 2,541 shares of Unity Software stock in a transaction on Friday, February 27th. The shares were sold at an average price of $18.76, for a total value of $47,669.16. Following the sale, the chief operating officer directly owned 548,425 shares of the company’s stock, valued at approximately $10,288,453. This trade represents a 0.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 41,684 shares of company stock worth $773,350. Company insiders own 3.61% of the company’s stock.

Unity Software Trading Up 0.1%

Shares of U opened at $21.97 on Thursday. The firm has a market capitalization of $9.59 billion, a price-to-earnings ratio of -22.89, a PEG ratio of 9.67 and a beta of 2.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.84 and a quick ratio of 1.84. Unity Software Inc. has a 1-year low of $15.33 and a 1-year high of $52.15. The company has a 50-day moving average of $23.14 and a 200 day moving average of $35.28.

Unity Software (NYSE:U) last issued its earnings results on Wednesday, February 11th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The business had revenue of $503.09 million for the quarter, compared to the consensus estimate of $490.64 million. Unity Software had a negative net margin of 21.77% and a negative return on equity of 4.76%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.30) EPS. On average, research analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Analyst Ratings Changes

U has been the topic of several analyst reports. Wedbush reissued an “outperform” rating and set a $30.00 price objective on shares of Unity Software in a research note on Friday, March 27th. Morgan Stanley lifted their target price on Unity Software from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Unity Software in a report on Wednesday, January 21st. Wells Fargo & Company lowered their price target on Unity Software from $38.00 to $29.00 and set an “overweight” rating for the company in a research report on Friday, March 27th. Finally, Barclays dropped their price objective on shares of Unity Software from $35.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.41.

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.