XTX Topco Ltd Sells 56,931 Shares of Angi Inc. (NASDAQ:ANGI)

XTX Topco Ltd reduced its stake in shares of Angi Inc. (NASDAQ:ANGI - Free Report) by 56.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,947 shares of the technology company's stock after selling 56,931 shares during the quarter. XTX Topco Ltd's holdings in Angi were worth $73,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in Angi by 39.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company's stock worth $589,000 after buying an additional 65,119 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Angi in the fourth quarter worth $73,000. Raymond James Financial Inc. acquired a new position in shares of Angi during the fourth quarter valued at $27,000. PNC Financial Services Group Inc. raised its stake in shares of Angi by 24.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company's stock valued at $147,000 after purchasing an additional 17,605 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Angi in the fourth quarter worth about $210,000. 12.84% of the stock is owned by institutional investors and hedge funds.

Angi Stock Down 1.4 %

NASDAQ:ANGI traded down $0.17 during trading hours on Friday, reaching $11.79. The company's stock had a trading volume of 1,358,864 shares, compared to its average volume of 249,171. Angi Inc. has a one year low of $11.00 and a one year high of $29.15. The business's 50-day moving average is $14.16 and its 200-day moving average is $17.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05. The company has a market cap of $586.28 million, a price-to-earnings ratio of 147.39 and a beta of 1.84.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ANGI shares. StockNews.com downgraded shares of Angi from a "buy" rating to a "hold" rating in a research report on Friday. 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 report on Thursday, February 13th. Royal Bank of Canada decreased their price target on Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 15th. Finally, Citigroup dropped their price objective on Angi from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $27.25.

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.