Susquehanna International Group LLP Sells 705,764 Shares of Agora, Inc. (NASDAQ:API)

Susquehanna International Group LLP decreased its holdings in shares of Agora, Inc. (NASDAQ:API - Free Report) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,483,911 shares of the company's stock after selling 705,764 shares during the quarter. Susquehanna International Group LLP owned about 8.12% of Agora worth $31,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in Agora by 0.5% during the third quarter. JPMorgan Chase & Co. now owns 610,457 shares of the company's stock valued at $1,471,000 after purchasing an additional 2,791 shares during the last quarter. Rhumbline Advisers grew its position in Agora by 1,988.6% in the fourth quarter. Rhumbline Advisers now owns 7,310 shares of the company's stock worth $30,000 after acquiring an additional 6,960 shares in the last quarter. Barclays PLC grew its position in Agora by 7.9% in the fourth quarter. Barclays PLC now owns 119,572 shares of the company's stock worth $497,000 after acquiring an additional 8,724 shares in the last quarter. EntryPoint Capital LLC bought a new position in Agora in the fourth quarter valued at $69,000. Finally, XTX Topco Ltd purchased a new stake in Agora during the fourth quarter valued at about $73,000. Institutional investors own 40.40% of the company's stock.

Agora Trading Up 5.5 %

Shares of API traded up $0.18 during mid-day trading on Thursday, reaching $3.46. The company's stock had a trading volume of 312,993 shares, compared to its average volume of 985,904. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.06. Agora, Inc. has a 52 week low of $1.65 and a 52 week high of $6.99. The company's fifty day moving average price is $4.22 and its two-hundred day moving average price is $4.45. The stock has a market cap of $319.02 million, a PE ratio of -7.06, a P/E/G ratio of 4.36 and a beta of 0.50.

Analysts Set New Price Targets

Separately, Bank of America upgraded Agora from a "neutral" rating to a "buy" rating and increased their price objective for the company from $3.10 to $6.00 in a research report on Thursday, January 16th.

About Agora

Agora, Inc operates in real-time engagement technology business in the People's Republic of China, the United States, and internationally. The company offers real-time engagement platform-as-a-services providing developers with application programming interfaces to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications.