HCEP Management Ltd purchased a new stake in shares of Agora, Inc. (NASDAQ:API - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 500,000 shares of the company's stock, valued at approximately $2,080,000. Agora accounts for approximately 1.7% of HCEP Management Ltd's holdings, making the stock its 6th biggest position. HCEP Management Ltd owned about 0.54% of Agora as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of API. Quadrature Capital Ltd purchased a new position in shares of Agora during the 3rd quarter worth approximately $27,000. Rhumbline Advisers grew its stake in Agora by 1,988.6% in the fourth quarter. Rhumbline Advisers now owns 7,310 shares of the company's stock worth $30,000 after purchasing an additional 6,960 shares during the period. EntryPoint Capital LLC bought a new position in Agora in the fourth quarter worth $69,000. Virtu Financial LLC purchased a new position in Agora during the fourth quarter valued at $155,000. Finally, NINE MASTS CAPITAL Ltd bought a new stake in shares of Agora during the 4th quarter valued at $183,000. 40.40% of the stock is owned by institutional investors.
Agora Stock Up 1.7 %
API stock traded up $0.05 on Thursday, reaching $3.05. 708,272 shares of the company traded hands, compared to its average volume of 988,952. The firm has a fifty day simple moving average of $5.14 and a 200-day simple moving average of $4.49. The company has a market cap of $281.22 million, a P/E ratio of -6.22, a price-to-earnings-growth ratio of 4.36 and a beta of 0.50. Agora, Inc. has a one year low of $1.65 and a one year high of $6.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.15 and a quick ratio of 6.15.
Analyst Upgrades and Downgrades
Separately, Bank of America upgraded shares of Agora from a "neutral" rating to a "buy" rating and increased their price target for the stock from $3.10 to $6.00 in a research note on Thursday, January 16th.
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About Agora
(
Free Report)
Agora, Inc operates in real-time engagement technology business in the People's Republic of China, the United States, and internationally. The company offers real-time engagement platform-as-a-services providing developers with application programming interfaces to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications.
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