PNC Financial Services Group Inc. Boosts Holdings in Angi Inc. (NASDAQ:ANGI)

PNC Financial Services Group Inc. raised its stake in Angi Inc. (NASDAQ:ANGI - Free Report) by 24.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 88,476 shares of the technology company's stock after buying an additional 17,605 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Angi were worth $147,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. ArrowMark Colorado Holdings LLC increased its holdings in shares of Angi by 1.8% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company's stock worth $12,202,000 after acquiring an additional 84,328 shares during the last quarter. M&T Bank Corp increased its position in shares of Angi by 16.7% in the fourth quarter. M&T Bank Corp now owns 589,242 shares of the technology company's stock worth $978,000 after purchasing an additional 84,304 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Angi by 46.8% during 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 acquiring an additional 83,704 shares during the period. JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 65,119 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Angi in the fourth quarter valued at about $210,000. Institutional investors own 12.84% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup raised their price objective on shares of Angi from $1.70 to $2.00 and gave the company a "neutral" rating in a report on Friday, January 31st. JMP Securities reduced their price target on shares of Angi from $3.00 to $2.75 and set a "market outperform" rating for the company in a report on Thursday, February 13th. StockNews.com lowered Angi from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Angi in a research report on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $3.05.

Angi Trading Down 2.3 %

Shares of Angi stock traded down $0.39 on Tuesday, hitting $16.26. The stock had a trading volume of 274,366 shares, compared to its average volume of 91,899. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. Angi Inc. has a one year low of $14.90 and a one year high of $29.15. The stock's 50-day simple moving average is $2.03 and its two-hundred day simple moving average is $2.12. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 203.28 and a beta of 1.91.

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.