Barclays PLC Sells 46,532 Shares of Agora, Inc. (NASDAQ:API)

Barclays PLC decreased its position in shares of Agora, Inc. (NASDAQ:API) by 29.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,848 shares of the company’s stock after selling 46,532 shares during the quarter. Barclays PLC owned 0.12% of Agora worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in API. Quadrature Capital Ltd bought a new position in Agora in the 3rd quarter valued at approximately $27,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Agora in the third quarter worth $28,000. Clearline Capital LP raised its stake in shares of Agora by 41.8% in the second quarter. Clearline Capital LP now owns 122,999 shares of the company’s stock worth $261,000 after purchasing an additional 36,244 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Agora by 23.5% during the second quarter. Dimensional Fund Advisors LP now owns 275,866 shares of the company’s stock valued at $585,000 after purchasing an additional 52,432 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Agora during the second quarter valued at $777,000. Institutional investors own 40.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Bank of America raised Agora from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $3.10 to $6.00 in a research report on Thursday, January 16th.

Agora Stock Up 3.0 %

Shares of Agora stock opened at $4.81 on Tuesday. Agora, Inc. has a twelve month low of $1.65 and a twelve month high of $6.64. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $4.63 and its 200 day moving average is $3.31. The company has a market cap of $443.48 million, a price-to-earnings ratio of -9.82 and a beta of 0.34.

Agora Company Profile

Agora, Inc operates in real-time engagement technology business in the People's Republic of China, the United States, and internationally. The company offers real-time engagement platform-as-a-services providing developers with application programming interfaces to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications.