Northern Trust Corp Lowers Stock Holdings in Angi Inc. (NASDAQ:ANGI)

Northern Trust Corp lowered its stake in Angi Inc. (NASDAQ:ANGI - Free Report) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 388,491 shares of the technology company's stock after selling 21,903 shares during the period. Northern Trust Corp owned about 0.08% of Angi worth $645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Oxford Asset Management LLP acquired a new stake in Angi in the 4th quarter valued at about $33,000. Two Sigma Securities LLC acquired a new stake in Angi in the 4th quarter valued at about $41,000. RBF Capital LLC raised its position in Angi by 15.5% in the 4th quarter. RBF Capital LLC now owns 342,100 shares of the technology company's stock valued at $568,000 after purchasing an additional 45,805 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Angi in the 4th quarter valued at about $30,000. Finally, Stifel Financial Corp acquired a new stake in Angi in the 4th quarter valued at about $90,000. Institutional investors and hedge funds own 12.84% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Angi from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th. Benchmark raised their target price on Angi from $6.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. KeyCorp cut their target price on Angi from $22.00 to $19.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. JMP Securities cut their target price 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. Finally, UBS Group cut their target price on Angi from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $21.36.

Angi Stock Performance

NASDAQ:ANGI traded up $0.03 during mid-day trading on Monday, reaching $15.68. 1,045,861 shares of the stock were exchanged, compared to its average volume of 358,406. The company has a 50 day simple moving average of $13.91 and a 200-day simple moving average of $16.24. The stock has a market capitalization of $752.44 million, a P/E ratio of 196.02 and a beta of 1.84. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. Angi Inc. has a 1 year low of $10.88 and a 1 year high of $29.15.

Angi (NASDAQ:ANGI - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.24. Angi had a return on equity of 3.41% and a net margin of 3.04%. The firm had revenue of $245.91 million for the quarter, compared to the consensus estimate of $239.73 million. Analysts anticipate that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

About Angi

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.