Hsbc Holdings PLC Invests $30,000 in Angi Inc. (NASDAQ:ANGI)

Hsbc Holdings PLC purchased a new stake in Angi Inc. (NASDAQ:ANGI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,922 shares of the technology company's stock, valued at approximately $30,000.

A number of other hedge funds have also bought and sold shares of the business. Jones Financial Companies Lllp raised its stake in Angi by 38.8% in the fourth quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company's stock valued at $47,000 after purchasing an additional 7,944 shares in the last quarter. Barclays PLC increased its holdings in Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company's stock valued at $42,000 after buying an additional 15,191 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Angi in the 4th quarter valued at approximately $27,000. PNC Financial Services Group Inc. boosted its position in shares of Angi by 24.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company's stock worth $147,000 after acquiring an additional 17,605 shares in the last quarter. Finally, Headlands Technologies LLC boosted its position in shares of Angi by 9,308.0% during the 4th quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company's stock worth $31,000 after acquiring an additional 18,523 shares in the last quarter. 12.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

ANGI has been the subject of several research analyst reports. Citigroup lowered their price objective on shares of Angi from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. KeyCorp decreased their price target on Angi from $22.00 to $19.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. JMP Securities lowered their price target on Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a report on Thursday, February 13th. Royal Bank of Canada reduced their price objective on Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 15th. Finally, UBS Group decreased their target price on Angi from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Angi currently has an average rating of "Hold" and a consensus target price of $21.36.

Angi Price Performance

Shares of ANGI traded up $0.03 during trading hours on Friday, reaching $16.38. The stock had a trading volume of 928,525 shares, compared to its average volume of 318,636. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. Angi Inc. has a 12 month low of $10.88 and a 12 month high of $29.15. The stock has a market capitalization of $816.46 million, a PE ratio of 204.78 and a beta of 1.84. The company's 50-day moving average is $13.87 and its two-hundred day moving average is $16.89.

Angi (NASDAQ:ANGI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.24. The firm had revenue of $245.91 million for the quarter, compared to analyst estimates of $239.73 million. Angi had a return on equity of 3.41% and a net margin of 3.04%. Research analysts expect that Angi Inc. will post 0.08 EPS for the current year.

Angi Company Profile

Angi Inc connects home service professionals with consumers in the United States and internationally. The company operates through three segments: Ads and Leads, Services, and International. It provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, matches consumers with independently established home services professionals.