JPMorgan Chase & Co. Increases Stock Position in Angi Inc. (NASDAQ:ANGI)

JPMorgan Chase & Co. raised its position in shares of Angi Inc. (NASDAQ:ANGI) by 39.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 228,173 shares of the technology company’s stock after buying an additional 65,119 shares during the quarter. JPMorgan Chase & Co.’s holdings in Angi were worth $589,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC lifted its position 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 buying an additional 15,191 shares during the period. XTX Topco Ltd raised its position in shares of Angi by 250.1% in the 3rd quarter. XTX Topco Ltd now owns 100,878 shares of the technology company’s stock worth $260,000 after purchasing an additional 72,060 shares during the last quarter. Centiva Capital LP purchased a new position in shares of Angi in the 3rd quarter worth about $46,000. ArrowMark Colorado Holdings LLC raised its position in shares of Angi by 1.8% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock worth $12,202,000 after purchasing an additional 84,328 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Angi in the 3rd quarter worth about $116,000. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Wall Street Analyst Weigh In

ANGI has been the subject of several recent analyst reports. The Goldman Sachs Group lowered Angi from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $3.25 to $2.50 in a research report on Wednesday, November 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $3.00 price target on shares of Angi in a research report on Monday, December 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a research report on Wednesday, December 18th. Citigroup decreased their target price on Angi from $2.00 to $1.70 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Finally, KeyCorp decreased their target price on Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.06.

Angi Stock Up 2.7 %

NASDAQ ANGI opened at $1.93 on Tuesday. The stock’s 50 day moving average is $1.79 and its 200 day moving average is $2.21. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46. Angi Inc. has a 12 month low of $1.49 and a 12 month high of $3.10. The stock has a market cap of $959.73 million, a PE ratio of 27.57 and a beta of 1.86.

Angi (NASDAQ:ANGI) last posted its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. 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 previous year, the firm earned ($0.01) EPS. Research analysts predict that Angi Inc. will post 0.08 EPS for the current fiscal year.

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.