TMT General Partner Ltd raised its holdings in Agora, Inc. (NASDAQ:API - Free Report) by 247.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,854,288 shares of the company's stock after purchasing an additional 7,728,261 shares during the quarter. Agora accounts for about 6.0% of TMT General Partner Ltd's holdings, making the stock its 2nd biggest position. TMT General Partner Ltd owned approximately 11.77% of Agora worth $43,634,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Rhumbline Advisers raised its position in shares of Agora by 1,988.6% during the 4th quarter. Rhumbline Advisers now owns 7,310 shares of the company's stock worth $30,000 after purchasing an additional 6,960 shares during the last quarter. Jane Street Group LLC acquired a new stake in Agora during the fourth quarter worth approximately $53,000. EntryPoint Capital LLC purchased a new stake in Agora in the 4th quarter worth approximately $69,000. Squarepoint Ops LLC purchased a new position in shares of Agora during the 4th quarter worth $71,000. Finally, XTX Topco Ltd purchased a new position in shares of Agora during the 4th quarter worth $73,000. 40.40% of the stock is owned by hedge funds and other institutional investors.
Agora Trading Up 3.0%
NASDAQ:API traded up $0.11 during mid-day trading on Wednesday, reaching $3.81. The company's stock had a trading volume of 515,167 shares, compared to its average volume of 892,093. Agora, Inc. has a twelve month low of $1.65 and a twelve month high of $6.99. The company's fifty day simple moving average is $3.36 and its two-hundred day simple moving average is $4.50. The stock has a market cap of $355.60 million, a P/E ratio of -7.78, a P/E/G ratio of 4.36 and a beta of 0.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.15 and a quick ratio of 6.15.
About Agora
(
Free Report)
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.
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