126,645 Shares in Angi Inc. (NASDAQ:ANGI) Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new stake in Angi Inc. (NASDAQ:ANGI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 126,645 shares of the technology company's stock, valued at approximately $210,000.

A number of other institutional investors have also added to or reduced their stakes in ANGI. Trust Co of the South lifted its stake in shares of Angi by 98.9% in the fourth quarter. Trust Co of the South now owns 51,286 shares of the technology company's stock valued at $85,000 after buying an additional 25,500 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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. Barclays PLC lifted its position 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 in the last quarter. XTX Topco Ltd boosted 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 valued at $260,000 after purchasing an additional 72,060 shares during the last quarter. Finally, Centiva Capital LP bought a new stake in Angi during the 3rd quarter worth approximately $46,000. 12.84% of the stock is owned by institutional investors and hedge funds.

Angi Stock Performance

Shares of Angi stock traded down $0.70 during trading hours on Wednesday, hitting $14.00. 2,742,669 shares of the company's stock traded hands, compared to its average volume of 127,464. The stock has a market capitalization of $696.18 million, a price-to-earnings ratio of 175.02 and a beta of 1.91. Angi Inc. has a 12-month low of $13.85 and a 12-month 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. The company has a fifty day simple moving average of $16.96 and a 200-day simple moving average of $19.71.

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Analyst Ratings Changes

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

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.