Dimensional Fund Advisors LP decreased its position in shares of Angi Inc. (NASDAQ:ANGI - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,805,271 shares of the technology company's stock after selling 134,254 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.36% of Angi worth $2,996,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Barclays PLC lifted its stake in Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company's stock worth $42,000 after purchasing an additional 15,191 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Angi by 39.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company's stock worth $589,000 after purchasing an additional 65,119 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Angi in the 4th quarter worth $210,000. Jones Financial Companies Lllp lifted its stake in Angi by 38.8% in the 4th quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company's stock worth $47,000 after purchasing an additional 7,944 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in Angi by 16.7% in the 4th quarter. M&T Bank Corp now owns 589,242 shares of the technology company's stock worth $978,000 after purchasing an additional 84,304 shares in the last quarter. Hedge funds and other institutional investors own 12.84% of the company's stock.
Angi Trading Up 0.2%
ANGI stock traded up $0.03 during mid-day trading on Friday, reaching $16.38. The company had a trading volume of 928,525 shares, compared to its average volume of 319,553. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05. The company has a market capitalization of $786.03 million, a PE ratio of 204.78 and a beta of 1.84. The firm has a 50 day moving average of $13.88 and a 200 day moving average of $16.84. Angi Inc. has a 12 month low of $10.88 and a 12 month high of $29.15.
Angi (NASDAQ:ANGI - Get Free Report) last issued its earnings results on Tuesday, May 6th. The technology company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.24. The business had revenue of $245.91 million for the quarter, compared to the consensus estimate of $239.73 million. Angi had a net margin of 3.04% and a return on equity of 3.41%. On average, equities analysts predict that Angi Inc. will post 0.08 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. JMP Securities decreased their price target on shares of Angi from $30.00 to $27.50 and set a "market outperform" rating on the stock in a research note on Thursday, February 13th. Benchmark boosted their target price on shares of Angi from $6.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Royal Bank of Canada reduced their target price on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. StockNews.com upgraded shares of Angi from a "hold" rating to a "buy" rating in a report on Saturday, May 10th. Finally, Citigroup reduced their target price on shares of Angi from $18.00 to $14.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Angi presently has a consensus rating of "Hold" and a consensus target price of $21.36.
Check Out Our Latest Stock Analysis on Angi
About Angi
(
Free Report)
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.
Read More
Before you consider Angi, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Angi wasn't on the list.
While Angi currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
