Legal & General Group Plc Sells 44,050 Shares of Angi Inc. (NASDAQ:ANGI)

Legal & General Group Plc trimmed its stake in Angi Inc. (NASDAQ:ANGI - Free Report) by 37.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,204 shares of the technology company's stock after selling 44,050 shares during the period. Legal & General Group Plc's holdings in Angi were worth $122,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ANGI. Raymond James Financial Inc. purchased a new position in Angi in the 4th quarter worth approximately $27,000. Headlands Technologies LLC increased its stake 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 period. Barclays PLC boosted its position in Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company's stock valued at $42,000 after buying an additional 15,191 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Angi by 38.8% during the fourth quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company's stock valued at $47,000 after buying an additional 7,944 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Angi during the 4th quarter valued at $73,000. Hedge funds and other institutional investors own 12.84% of the company's stock.

Angi Stock Up 34.7 %

Shares of ANGI stock traded up $3.90 during trading hours on Wednesday, hitting $15.15. 4,676,884 shares of the company were exchanged, compared to its average volume of 279,288. The business's 50-day simple moving average is $13.90 and its two-hundred day simple moving average is $17.24. Angi Inc. has a one year low of $10.88 and a one year high of $29.15. The stock has a market capitalization of $753.36 million, a price-to-earnings ratio of 189.40 and a beta of 1.84. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14.

Angi (NASDAQ:ANGI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The technology company reported $0.30 earnings per share 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%. The business had revenue of $245.91 million during the quarter, compared to analysts' expectations of $239.73 million. Sell-side analysts predict that Angi Inc. will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Citigroup dropped their price objective 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 lowered their price target on Angi from $22.00 to $19.00 and set an "overweight" rating on the stock in a research note on Monday. Royal Bank of Canada decreased their target price on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 15th. StockNews.com cut shares of Angi from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, JMP Securities cut their target price on Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Angi currently has a consensus rating of "Hold" and an average price target of $27.08.

About Angi

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.