Yong Rong HK Asset Management Ltd boosted its stake in shares of Agora, Inc. Sponsored ADR (NASDAQ:API - Free Report) by 17.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,865,755 shares of the company's stock after buying an additional 415,755 shares during the period. Agora accounts for 2.7% of Yong Rong HK Asset Management Ltd's investment portfolio, making the stock its 11th largest position. Yong Rong HK Asset Management Ltd owned 3.11% of Agora worth $11,521,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. TMT General Partner Ltd grew its position in Agora by 247.2% in the first quarter. TMT General Partner Ltd now owns 10,854,288 shares of the company's stock worth $43,634,000 after acquiring an additional 7,728,261 shares during the period. Hhlr Advisors LTD. purchased a new stake in Agora in the fourth quarter valued at $8,730,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Agora in the 4th quarter valued at $3,082,000. MY.Alpha Management HK Advisors Ltd purchased a new position in shares of Agora during the 4th quarter worth $3,057,000. Finally, Bank of America Corp DE increased its position in shares of Agora by 714.6% during the 4th quarter. Bank of America Corp DE now owns 565,584 shares of the company's stock worth $2,353,000 after purchasing an additional 496,156 shares during the last quarter. 40.40% of the stock is currently owned by hedge funds and other institutional investors.
Agora Stock Down 0.8%
Shares of API opened at $3.67 on Monday. The company's 50-day moving average price is $3.63 and its 200 day moving average price is $4.29. Agora, Inc. Sponsored ADR has a 12-month low of $1.65 and a 12-month high of $6.99. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 0.10. The firm has a market cap of $342.52 million, a P/E ratio of -10.19, a price-to-earnings-growth ratio of 2.31 and a beta of 0.58.
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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