JPMorgan Chase & Co. Lowers Stock Holdings in Angi Inc. (NASDAQ:ANGI)

JPMorgan Chase & Co. cut its stake in shares of Angi Inc. (NASDAQ:ANGI - Free Report) by 39.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,139 shares of the technology company's stock after selling 89,034 shares during the quarter. JPMorgan Chase & Co.'s holdings in Angi were worth $231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in Angi in the fourth quarter worth $27,000. Barclays PLC lifted its position in Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company's stock valued at $42,000 after purchasing an additional 15,191 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Angi by 38.8% in the fourth quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company's stock worth $47,000 after purchasing an additional 7,944 shares during the last quarter. Quantbot Technologies LP bought a new stake in Angi during the 4th quarter valued at $73,000. Finally, PNC Financial Services Group Inc. boosted its position in Angi by 24.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company's stock valued at $147,000 after buying an additional 17,605 shares during the period. Hedge funds and other institutional investors own 12.84% of the company's stock.

Angi Stock Up 0.4 %

Angi stock traded up $0.05 during mid-day trading on Tuesday, reaching $11.25. The stock had a trading volume of 1,425,039 shares, compared to its average volume of 261,450. Angi Inc. has a one year low of $10.88 and a one year high of $29.15. The company has a 50-day moving average price of $13.93 and a two-hundred day moving average price of $17.25. The company has a market capitalization of $559.43 million, a price-to-earnings ratio of 140.64 and a beta of 1.84. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05.

Angi (NASDAQ:ANGI - Get Free Report) last issued its earnings results on Tuesday, May 6th. The technology company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.06 by $0.24. Angi had a return on equity of 3.41% and a net margin of 3.04%. On average, analysts expect that Angi Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ANGI has been the subject of a number of analyst reports. JMP Securities dropped their target price on shares of Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a report on Thursday, February 13th. Citigroup cut their price target on shares of Angi from $18.00 to $14.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. KeyCorp dropped their target price on shares of Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday. StockNews.com lowered shares of Angi from a "buy" rating to a "hold" rating in a report on Friday. Finally, Royal Bank of Canada reduced their target price on Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $27.08.

Angi 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.