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

PNC Financial Services Group Inc. boosted its holdings in shares of Angi Inc. (NASDAQ:ANGI - Free Report) by 24.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,476 shares of the technology company's stock after buying an additional 17,605 shares during the period. PNC Financial Services Group Inc.'s holdings in Angi were worth $147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC boosted its stake in 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 in the last quarter. M&T Bank Corp increased its position in shares of Angi by 16.7% in the 4th quarter. M&T Bank Corp now owns 589,242 shares of the technology company's stock valued at $978,000 after acquiring an additional 84,304 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 valued at $677,000 after acquiring an additional 83,704 shares during the period. JPMorgan Chase & Co. raised its stake in Angi by 39.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company's stock worth $589,000 after acquiring an additional 65,119 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Angi during the 4th quarter worth about $210,000. Institutional investors and hedge funds own 12.84% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ANGI shares. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Angi in a report on Wednesday, December 18th. StockNews.com lowered shares of Angi from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Citigroup increased their price objective on shares of Angi from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Finally, JMP Securities lowered their price target on shares of Angi from $30.00 to $27.50 and set a "market outperform" rating on the stock in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Angi presently has an average rating of "Hold" and a consensus target price of $30.50.

Angi Stock Performance

ANGI stock traded down $1.13 during midday trading on Friday, hitting $15.92. 372,083 shares of the stock traded hands, compared to its average volume of 98,024. The stock's fifty day simple moving average is $17.23 and its 200-day simple moving average is $20.04. The firm has a market cap of $791.65 million, a P/E 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 company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05.

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.