TB Alternative Assets Ltd. Purchases New Shares in Unity Software Inc. (NYSE:U)

TB Alternative Assets Ltd. purchased a new stake in shares of Unity Software Inc. (NYSE:U) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 171,100 shares of the company’s stock, valued at approximately $4,568,000. Unity Software makes up about 1.1% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 21st largest position.

A number of other large investors also recently made changes to their positions in U. Harvest Fund Management Co. Ltd bought a new stake in Unity Software in the fourth quarter worth about $27,000. GAMMA Investing LLC bought a new stake in Unity Software in the fourth quarter worth about $28,000. Pacifica Partners Inc. bought a new stake in Unity Software in the fourth quarter worth about $33,000. Principal Securities Inc. bought a new stake in Unity Software in the fourth quarter worth about $37,000. Finally, Tidemark LLC bought a new stake in Unity Software in the fourth quarter worth about $39,000. 73.46% of the stock is owned by institutional investors.

Unity Software Trading Up 2.7 %

Unity Software stock traded up $0.44 during mid-day trading on Wednesday, reaching $16.46. 5,455,850 shares of the company traded hands, compared to its average volume of 9,679,633. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.15 and a quick ratio of 2.15. The firm’s 50 day moving average price is $20.51 and its 200 day moving average price is $27.96. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of -7.17 and a beta of 2.28. Unity Software Inc. has a 52-week low of $15.23 and a 52-week high of $50.08.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.13. The business had revenue of $460.38 million for the quarter, compared to the consensus estimate of $422.53 million. Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. On average, analysts anticipate that Unity Software Inc. will post -1.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

U has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $31.00 target price on shares of Unity Software in a research note on Friday, May 10th. Citigroup reduced their price objective on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Wedbush reaffirmed an “outperform” rating and set a $33.50 price objective on shares of Unity Software in a research note on Friday, May 10th. Barclays reduced their price objective on shares of Unity Software from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Finally, The Goldman Sachs Group reduced their price objective on shares of Unity Software from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned 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 $34.79.

Insider Transactions at Unity Software

In other news, Chairman James M. Whitehurst sold 49,854 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $19.10, for a total value of $952,211.40. Following the sale, the chairman now directly owns 313,266 shares of the company’s stock, valued at approximately $5,983,380.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman James M. Whitehurst sold 49,854 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $19.10, for a total transaction of $952,211.40. Following the sale, the chairman now directly owns 313,266 shares of the company’s stock, valued at approximately $5,983,380.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc Whitten sold 86,768 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $20.60, for a total transaction of $1,787,420.80. Following the sale, the insider now directly owns 2,483 shares in the company, valued at $51,149.80. The disclosure for this sale can be found here. Insiders have sold 247,736 shares of company stock valued at $4,885,280 in the last three months. 6.30% of the stock is currently owned by company insiders.

About Unity Software

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.