General American Investors Co. Inc. Cuts Stock Holdings in Angi Inc. (NASDAQ:ANGI)

General American Investors Co. Inc. trimmed its stake in shares of Angi Inc. (NASDAQ:ANGI - Free Report) by 24.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,002,188 shares of the technology company's stock after selling 331,516 shares during the quarter. General American Investors Co. Inc. owned 0.20% of Angi worth $2,586,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its position in shares of Angi by 44.6% during the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company's stock worth $65,000 after purchasing an additional 7,649 shares during the last quarter. Picton Mahoney Asset Management boosted its position in shares of Angi by 3.5% during the 1st quarter. Picton Mahoney Asset Management now owns 323,293 shares of the technology company's stock worth $847,000 after acquiring an additional 10,793 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Angi in the 2nd quarter valued at about $26,000. Quadrature Capital Ltd raised its position in shares of Angi by 21.4% during the 1st quarter. Quadrature Capital Ltd now owns 96,857 shares of the technology company's stock worth $256,000 after acquiring an additional 17,102 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Angi during the second quarter worth approximately $85,000. Hedge funds and other institutional investors own 12.84% of the company's stock.

Angi Stock Performance

Shares of NASDAQ:ANGI traded up $0.08 on Thursday, reaching $2.61. The company's stock had a trading volume of 1,416,838 shares, compared to its average volume of 709,837. Angi Inc. has a 52-week low of $1.60 and a 52-week high of $3.10. The stock has a market capitalization of $1.30 billion, a P/E ratio of -261.00 and a beta of 1.95. The stock's 50-day moving average is $2.55 and its two-hundred day moving average is $2.32. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.98 and a quick ratio of 1.98.

Angi (NASDAQ:ANGI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. Angi had a negative return on equity of 0.07% and a negative net margin of 0.68%. The firm had revenue of $315.13 million during the quarter, compared to the consensus estimate of $305.06 million. During the same period in the prior year, the business earned ($0.03) EPS.

Analysts Set New Price Targets

Separately, UBS Group raised shares of Angi to a "hold" rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $3.78.

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.