Angi Inc. (NASDAQ:ANGI) Shares Acquired by M&T Bank Corp

M&T Bank Corp increased its holdings in shares of Angi Inc. (NASDAQ:ANGI) by 16.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 589,242 shares of the technology company’s stock after purchasing an additional 84,304 shares during the quarter. M&T Bank Corp’s holdings in Angi were worth $978,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC increased its position in shares of Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after purchasing an additional 15,191 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of Angi during the 3rd quarter worth about $46,000. Jones Financial Companies Lllp increased its position in shares of Angi by 38.8% during the 4th quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company’s stock worth $47,000 after purchasing an additional 7,944 shares during the last quarter. Trust Co of the South increased its position in shares of Angi by 98.9% during the 4th quarter. Trust Co of the South now owns 51,286 shares of the technology company’s stock worth $85,000 after purchasing an additional 25,500 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Angi during the 3rd quarter worth about $116,000. 12.84% of the stock is owned by institutional investors and hedge funds.

Angi Stock Performance

Shares of ANGI opened at $1.57 on Wednesday. The stock has a 50-day simple moving average of $1.74 and a 200-day simple moving average of $2.08. 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 has a market capitalization of $780.71 million, a PE ratio of 19.63 and a beta of 1.91. Angi Inc. has a 1 year low of $1.49 and a 1 year high of $2.92.

Analyst Ratings Changes

A number of brokerages recently issued reports on ANGI. Benchmark cut their price objective on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. KeyCorp lowered their target price on Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Citigroup raised their target price on Angi from $1.70 to $2.00 and gave the company a “neutral” rating in a report on Friday, January 31st. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group cut Angi from a “buy” rating to a “neutral” rating and lowered their target price for the company from $3.25 to $2.50 in a report on Wednesday, November 13th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Angi has an average rating of “Hold” and an average price target of $3.05.

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.