D. E. Shaw & Co. Inc. lowered its holdings in shares of Angi Inc. (NASDAQ:ANGI - Free Report) by 20.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 931,174 shares of the technology company's stock after selling 237,537 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.19% of Angi worth $1,546,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of ANGI. Bridgeway Capital Management LLC purchased a new stake in Angi in the fourth quarter worth about $1,079,000. Brevan Howard Capital Management LP purchased a new stake in shares of Angi in the fourth quarter valued at approximately $92,000. Balyasny Asset Management L.P. acquired a new stake in shares of Angi in the fourth quarter worth approximately $97,000. ArrowMark Colorado Holdings LLC raised its holdings in Angi by 5.7% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company's stock valued at $8,296,000 after acquiring an additional 267,946 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Angi by 16.8% during the 4th quarter. Jane Street Group LLC now owns 50,920 shares of the technology company's stock worth $85,000 after buying an additional 7,340 shares during the last quarter. Institutional investors own 12.84% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on ANGI shares. UBS Group decreased their price target on Angi from $24.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. KeyCorp lowered their price target on shares of Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a report on Monday, May 5th. JMP Securities decreased their target price on Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a report on Thursday, February 13th. Royal Bank of Canada decreased their price objective on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. Finally, Citigroup decreased their price target on shares of Angi from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $21.36.
Read Our Latest Research Report on ANGI
Angi Stock Performance
Shares of ANGI stock traded down $0.20 during midday trading on Wednesday, hitting $16.10. 81,781 shares of the company were exchanged, compared to its average volume of 745,422. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. The firm has a market capitalization of $772.35 million, a P/E ratio of 201.34 and a beta of 1.84. The firm's 50 day moving average price is $13.93 and its two-hundred day moving average price is $16.36. Angi Inc. has a 52 week low of $10.88 and a 52 week high of $29.15.
Angi (NASDAQ:ANGI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.24. The business had revenue of $245.91 million during the quarter, compared to analyst estimates of $239.73 million. Angi had a net margin of 3.04% and a return on equity of 3.41%. As a group, equities research analysts anticipate that Angi Inc. will post 0.08 earnings per share for the current year.
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.
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