Geode Capital Management LLC Has $2.05 Million Stock Position in Angi Inc. (NASDAQ:ANGI)

Geode Capital Management LLC lessened its holdings in shares of Angi Inc. (NASDAQ:ANGI) by 14.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 792,474 shares of the technology company’s stock after selling 130,772 shares during the quarter. Geode Capital Management LLC owned approximately 0.16% of Angi worth $2,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ANGI. Headlands Technologies LLC bought a new stake in shares of Angi during the 2nd quarter worth about $26,000. Dimensional Fund Advisors LP boosted its holdings in shares of Angi by 36.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock worth $3,562,000 after acquiring an additional 494,739 shares during the period. AQR Capital Management LLC grew its position in shares of Angi by 24.1% in the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after purchasing an additional 161,189 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Angi during the second quarter worth approximately $85,000. Finally, Inspire Investing LLC increased its stake in shares of Angi by 152.5% during the third quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock worth $1,192,000 after purchasing an additional 279,083 shares during the period. Institutional investors own 12.84% of the company’s stock.

Angi Stock Performance

Shares of ANGI stock opened at $1.57 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market cap of $780.71 million, a price-to-earnings ratio of 22.43 and a beta of 1.86. Angi Inc. has a 52 week low of $1.53 and a 52 week high of $3.10. The firm’s 50-day simple moving average is $1.91 and its two-hundred day simple moving average is $2.22.

Angi (NASDAQ:ANGI) last announced its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The company had revenue of $296.72 million for the quarter, compared to analysts’ expectations of $295.90 million. During the same period in the prior year, the company posted ($0.01) EPS. As a group, equities analysts forecast that Angi Inc. will post 0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ANGI. UBS Group raised shares of Angi to a “hold” rating in a research report on Monday, October 28th. Benchmark cut their price objective on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Citigroup lowered their target price on shares of Angi from $2.00 to $1.70 and set a “neutral” rating on the stock in a report on Friday, January 3rd. JMP Securities reiterated a “market outperform” rating and issued a $3.00 price target on shares of Angi in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $3.06.

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.