UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 34,443 Shares of Angi Inc. (NASDAQ:ANGI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Angi Inc. (NASDAQ:ANGI - Free Report) by 13.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 228,086 shares of the technology company's stock after selling 34,443 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Angi were worth $379,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ANGI. Raymond James Financial Inc. purchased a new position in Angi in the fourth quarter worth about $27,000. Hsbc Holdings PLC purchased a new position in Angi in the fourth quarter worth about $30,000. Headlands Technologies LLC boosted its position in Angi by 9,308.0% in the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company's stock worth $31,000 after purchasing an additional 18,523 shares during the last quarter. Oxford Asset Management LLP purchased a new position in Angi in the fourth quarter worth about $33,000. Finally, Two Sigma Securities LLC purchased a new position in Angi in the fourth quarter worth about $41,000. 12.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ANGI. Wall Street Zen raised Angi from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Royal Bank of Canada dropped their target price on Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. KeyCorp lowered their price objective on Angi from $22.00 to $19.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Citigroup lowered their price objective on Angi from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Finally, UBS Group lowered their price objective 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 investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.36.

Angi Price Performance

ANGI traded down $0.38 on Friday, hitting $15.44. 924,600 shares of the company's stock traded hands, compared to its average volume of 386,908. The company's 50 day simple moving average is $14.32 and its 200-day simple moving average is $16.06. The firm has a market cap of $740.92 million, a price-to-earnings ratio of 193.02 and a beta of 1.81. Angi Inc. has a one year low of $10.88 and a one year high of $29.15. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47.

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

Angi Company 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.