Bank of America Corp DE boosted its stake in Agora, Inc. (NASDAQ:API - Free Report) by 714.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 565,584 shares of the company's stock after acquiring an additional 496,156 shares during the period. Bank of America Corp DE owned 0.61% of Agora worth $2,353,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in shares of Agora during the fourth quarter worth about $53,000. Schonfeld Strategic Advisors LLC acquired a new position in Agora in the fourth quarter worth $1,123,000. Hhlr Advisors LTD. bought a new stake in Agora during the fourth quarter valued at $8,730,000. Seldon Capital LP bought a new stake in Agora during the fourth quarter valued at $425,000. Finally, Garden State Investment Advisory Services LLC acquired a new stake in shares of Agora during the fourth quarter worth $478,000. 40.40% of the stock is currently owned by institutional investors.
Agora Stock Performance
Shares of Agora stock traded up $0.03 during trading hours on Thursday, reaching $3.84. The company's stock had a trading volume of 306,332 shares, compared to its average volume of 886,576. Agora, Inc. has a one year low of $1.65 and a one year high of $6.99. The company's 50 day simple moving average is $3.35 and its 200 day simple moving average is $4.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.15 and a current ratio of 6.15. The stock has a market cap of $358.40 million, a P/E ratio of -7.84, a price-to-earnings-growth ratio of 4.36 and a beta of 0.53.
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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