Yong Rong HK Asset Management Ltd raised its holdings in Agora, Inc. Sponsored ADR (NASDAQ:API - Free Report) by 17.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,865,755 shares of the company's stock after purchasing an additional 415,755 shares during the period. Agora comprises approximately 2.7% of Yong Rong HK Asset Management Ltd's holdings, making the stock its 11th largest holding. Yong Rong HK Asset Management Ltd owned about 3.11% of Agora worth $11,521,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of Agora by 1,988.6% in the 4th quarter. Rhumbline Advisers now owns 7,310 shares of the company's stock valued at $30,000 after purchasing an additional 6,960 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Agora by 3,671.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 444,795 shares of the company's stock valued at $1,850,000 after purchasing an additional 433,001 shares in the last quarter. Virtu Financial LLC acquired a new stake in Agora during the fourth quarter valued at approximately $155,000. American Century Companies Inc. raised its stake in Agora by 159.5% during the fourth quarter. American Century Companies Inc. now owns 119,168 shares of the company's stock valued at $496,000 after buying an additional 73,243 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in Agora during the fourth quarter valued at approximately $69,000. 40.40% of the stock is owned by institutional investors and hedge funds.
Agora Stock Down 2.7%
NASDAQ API traded down $0.11 on Thursday, hitting $3.93. 433,922 shares of the stock traded hands, compared to its average volume of 801,915. 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 company has a market capitalization of $366.80 million, a P/E ratio of -10.92, a price-to-earnings-growth ratio of 2.64 and a beta of 0.58. Agora, Inc. Sponsored ADR has a twelve month low of $1.65 and a twelve month high of $6.99. The stock has a 50-day moving average of $3.67 and a 200 day moving average of $4.28.
Agora Company Profile
(
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.
Featured Stories
Before you consider Agora, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Agora wasn't on the list.
While Agora currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
