Renaissance Technologies LLC Sells 87,059 Shares of Angi Inc. (NASDAQ:ANGI)

Renaissance Technologies LLC reduced its stake in shares of Angi Inc. (NASDAQ:ANGI - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,164,876 shares of the technology company's stock after selling 87,059 shares during the period. Renaissance Technologies LLC owned 0.64% of Angi worth $5,254,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Barclays PLC lifted its holdings in Angi by 1,255.5% during 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 in the last quarter. JPMorgan Chase & Co. raised its position in shares of Angi by 39.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company's stock valued at $589,000 after purchasing an additional 65,119 shares during the period. Trust Co of the South lifted its stake in shares of Angi by 98.9% during the 4th quarter. Trust Co of the South now owns 51,286 shares of the technology company's stock valued at $85,000 after buying an additional 25,500 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Angi in the 4th quarter worth $210,000. Finally, Jones Financial Companies Lllp increased its stake in Angi by 38.8% in the 4th quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company's stock worth $47,000 after buying an additional 7,944 shares in the last quarter. 12.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JMP Securities dropped their price objective 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. StockNews.com upgraded Angi from a "hold" rating to a "buy" rating in a research note on Wednesday. Citigroup cut their price objective on shares of Angi from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Friday. Finally, Royal Bank of Canada lowered their target price on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $27.25.

Angi Price Performance

Shares of ANGI traded down $0.11 during mid-day trading on Friday, hitting $12.43. 270,450 shares of the stock were exchanged, compared to its average volume of 227,644. The firm has a 50-day moving average of $14.83 and a two-hundred day moving average of $18.04. Angi Inc. has a 52-week low of $11.00 and a 52-week high of $29.15. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. The company has a market cap of $618.26 million, a PE ratio of 155.47 and a beta of 1.88.

Angi Company 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.