Millennium Management LLC Decreases Holdings in Angi Inc. (NASDAQ:ANGI)

Millennium Management LLC cut its holdings in shares of Angi Inc. (NASDAQ:ANGI - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 546,596 shares of the technology company's stock after selling 49,364 shares during the quarter. Millennium Management LLC owned approximately 0.11% of Angi worth $907,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. ArrowMark Colorado Holdings LLC grew its position in Angi by 5.7% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company's stock valued at $8,296,000 after buying an additional 267,946 shares during the period. Westerly Capital Management LLC boosted its stake in Angi by 20.9% in the fourth quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company's stock valued at $4,714,000 after acquiring an additional 490,000 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Angi by 113.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock valued at $2,859,000 after acquiring an additional 914,037 shares during the period. Bridgeway Capital Management LLC purchased a new stake in shares of Angi during the 4th quarter worth approximately $1,079,000. Finally, M&T Bank Corp increased its stake in shares of Angi by 16.7% during 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 during the last quarter. 12.84% of the stock is currently owned by institutional investors.

Angi Price Performance

ANGI stock traded down $0.11 during mid-day trading on Friday, reaching $16.49. 571,037 shares of the company traded hands, compared to its average volume of 369,940. The company has a fifty day moving average price of $13.97 and a 200-day moving average price of $16.17. Angi Inc. has a 52-week low of $10.88 and a 52-week high of $29.15. The company has a market capitalization of $791.31 million, a P/E ratio of 206.15 and a beta of 1.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05.

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 the consensus estimate of $0.06 by $0.24. The firm had revenue of $245.91 million during 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%. As a group, analysts anticipate that Angi Inc. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. KeyCorp reduced their price objective on Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a report on Monday, May 5th. JMP Securities dropped their price target on Angi from $30.00 to $27.50 and set a "market outperform" rating on the stock in a research report on Thursday, February 13th. Royal Bank of Canada decreased their price objective on Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a report on Tuesday, April 15th. Wall Street Zen upgraded Angi from a "buy" rating to a "strong-buy" rating in a research note on Friday. Finally, UBS Group cut their target price on shares of Angi from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Angi has an average rating of "Moderate Buy" and an average target price of $21.36.

Angi 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.