Arrowstreet Capital Limited Partnership Acquires 914,037 Shares of Angi Inc. (NASDAQ:ANGI)

Arrowstreet Capital Limited Partnership raised its position in Angi Inc. (NASDAQ:ANGI - Free Report) by 113.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,722,460 shares of the technology company's stock after purchasing an additional 914,037 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.35% of Angi worth $2,859,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in 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 buying an additional 83,704 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Angi during the third quarter worth about $116,000. Centiva Capital LP acquired a new position in shares of Angi in the 3rd quarter valued at approximately $46,000. XTX Topco Ltd increased its stake in Angi by 250.1% during 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 in the last quarter. Finally, Barclays PLC lifted its stake in Angi by 1,255.5% in 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 in the last quarter. 12.84% of the stock is currently owned by institutional investors and hedge funds.

Angi Stock Down 4.0 %

ANGI traded down $0.50 during trading on Tuesday, reaching $12.01. 417,901 shares of the stock were exchanged, compared to its average volume of 194,898. 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 stock's 50 day moving average price is $15.75 and its two-hundred day moving average price is $18.67. Angi Inc. has a twelve month low of $11.00 and a twelve month high of $29.15. The stock has a market cap of $596.97 million, a P/E ratio of 150.07 and a beta of 1.88.

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Analyst Upgrades and Downgrades

ANGI has been the topic of a number of research analyst reports. Royal Bank of Canada dropped their price objective on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a report on Tuesday. JMP Securities cut their price target on Angi from $30.00 to $27.50 and set a "market outperform" rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Angi in a report on Wednesday, December 18th. StockNews.com upgraded Angi from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Finally, Citigroup boosted their price objective 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. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $28.25.

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.