5. Unity Software Application Inc. (NYSE: U).
Variety Of Hedge Fund Holders: 29.
Weight: 4.69%.
San Francisco-based 3D advancement platform Unity Software application Inc. (NYSE: U) ranks 5th on the list of 12 finest ARK stocks to buy. Unity Software Application Inc. (NYSE: U) offers software application options in establishing video gaming, betting, and other mobile apps.
According to the most recent information from ARK Financial investment Management LLC, the hedge fund owned 8,326,331 shares of Unity Software application Inc. (NYSE: U) worth $1.04 billion since August 25, 2021, representing 4.69% of the Ark Development ETF (NYSEARCA: ARKK).
Unity Software Application Inc. (NYSE: U) saw its stock increase 11.2% on August 11 as experts expect conservative profits development in the 3rd quarter. On August 11, Goldman Sachs expert Kash Rangan started a Buy score on Unity Software application Inc. (NYSE: U) with a $135 cost target, keeping in mind that the business is well-positioned to gain from the video gaming software application market’s development.
The business has a market cap of $34.70 billion. In the 2nd quarter of 2021, Unity Software Application Inc. (NYSE: U) reported an EPS of -$ 0.02, beating quotes by $0.10. The business’s 2nd quarter-quarter earnings grew 48% year over year to $273.56 million and beat earnings quotes by $30.82 million.
At the end of the 2nd quarter of 2021, 29 hedge funds in the database of Expert Monkey held stakes worth $7.26 billion in Unity Software application Inc. (NYSE: U), below 39 in the preceding quarter worth $6.69 billion.
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The business has a market cap of $34.70 billion. In the 2nd quarter of 2021, Unity Software Application Inc. (NYSE: U) reported an EPS of -$ 0.02, beating quotes by $0.10. The business’s 2nd quarter-quarter earnings grew 48% year over year to $273.56 million and beat income quotes by $30.82 million.