Angi Inc. (NASDAQ:ANGI) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in Angi Inc. (NASDAQ:ANGI - Free Report) by 50.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 69,100 shares of the technology company's stock after selling 71,100 shares during the quarter. Swiss National Bank's holdings in Angi were worth $115,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Angi in the 4th quarter valued at $27,000. Barclays PLC raised its position in shares of 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 during the last quarter. Centiva Capital LP purchased a new position in shares of Angi in the third quarter worth about $46,000. Jones Financial Companies Lllp boosted its position in Angi by 38.8% during the fourth quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company's stock worth $47,000 after acquiring an additional 7,944 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in Angi during the 3rd quarter valued at about $116,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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Angi Trading Down 3.7 %

Shares of NASDAQ:ANGI traded down $0.54 during mid-day trading on Wednesday, reaching $14.16. 1,590,733 shares of the company were exchanged, compared to its average volume of 123,048. Angi Inc. has a 1 year low of $13.87 and a 1 year high of $29.15. The firm's 50-day simple moving average is $17.04 and its 200 day simple moving average is $19.75. The firm has a market cap of $704.13 million, a price-to-earnings ratio of 177.02 and a beta of 1.91. 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 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.