Swiss National Bank Cuts Position in Angi Inc. (NASDAQ:ANGI)

Swiss National Bank reduced its stake in shares of Angi Inc. (NASDAQ:ANGI) by 50.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,100 shares of the technology company’s stock after selling 71,100 shares during the period. Swiss National Bank’s holdings in Angi were worth $115,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ANGI. JPMorgan Chase & Co. grew its position in Angi by 39.9% during the third 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 during the period. PNC Financial Services Group Inc. raised its stake in shares of Angi by 24.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company’s stock worth $147,000 after buying an additional 17,605 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Angi by 46.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 262,529 shares of the technology company’s stock worth $677,000 after buying an additional 83,704 shares in the last quarter. Barclays PLC grew its stake in Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after acquiring an additional 15,191 shares during the last quarter. Finally, Jones Financial Companies Lllp grew 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 valued at $47,000 after acquiring an additional 7,944 shares during the last quarter. 12.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ANGI has been the subject of a number of research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. StockNews.com downgraded Angi from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Citigroup raised their target price on shares of Angi from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, JMP Securities cut their price target on Angi from $30.00 to $27.50 and set a “market outperform” rating for the company in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $30.50.

Angi Price Performance

Angi stock opened at $15.92 on Monday. 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 $791.65 million, a price-to-earnings ratio of 199.02 and a beta of 1.91. Angi Inc. has a 1 year low of $14.90 and a 1 year high of $29.15. The firm has a 50 day moving average price of $17.18 and a 200 day moving average price of $19.91.

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.