JPMorgan Chase & Co. cut its stake in Agora, Inc. (NASDAQ:API - Free Report) by 75.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146,850 shares of the company's stock after selling 463,607 shares during the quarter. JPMorgan Chase & Co. owned 0.16% of Agora worth $611,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in shares of Agora in the 4th quarter valued at about $69,000. American Century Companies Inc. grew its holdings in shares of Agora by 159.5% during the fourth quarter. American Century Companies Inc. now owns 119,168 shares of the company's stock worth $496,000 after buying an additional 73,243 shares in the last quarter. Virtu Financial LLC acquired a new stake in Agora in the 4th quarter valued at approximately $155,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in 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 acquiring an additional 433,001 shares in the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong acquired a new position in Agora during the 4th quarter worth approximately $12,459,000. Institutional investors own 40.40% of the company's stock.
Wall Street Analyst Weigh In
Separately, Bank of America upgraded shares of Agora from a "neutral" rating to a "buy" rating and increased their target price for the stock from $3.10 to $6.00 in a report on Thursday, January 16th.
View Our Latest Stock Report on API
Agora Stock Performance
Shares of NASDAQ:API traded up $0.14 during trading on Monday, reaching $3.55. 157,587 shares of the stock were exchanged, compared to its average volume of 973,308. The firm has a market cap of $331.34 million, a PE ratio of -7.24, a PEG ratio of 4.36 and a beta of 0.53. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.06. Agora, Inc. has a 12 month low of $1.65 and a 12 month high of $6.99. The stock has a 50-day moving average price of $4.12 and a 200-day moving average price of $4.48.
Agora Profile
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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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