Hsbc Holdings PLC Acquires New Shares in Angi Inc. (NASDAQ:ANGI)

Hsbc Holdings PLC acquired a new stake in Angi Inc. (NASDAQ:ANGI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 17,922 shares of the technology company’s stock, valued at approximately $30,000.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Angi in the 4th quarter valued at $27,000. Barclays PLC increased its holdings in 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 in the last quarter. Headlands Technologies LLC increased its holdings in Angi by 9,308.0% during the 4th quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock worth $31,000 after purchasing an additional 18,523 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in 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 in the last quarter. Finally, Quantbot Technologies LP bought a new position in Angi during the 4th quarter worth about $73,000. Institutional investors own 12.84% of the company’s stock.

Angi Price Performance

Shares of NASDAQ ANGI opened at $16.11 on Tuesday. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average price is $13.86 and its two-hundred day moving average price is $16.95. The company has a market cap of $803.00 million, a PE ratio of 201.40 and a beta of 1.84. Angi Inc. has a twelve month low of $10.88 and a twelve month high of $29.15.

Angi (NASDAQ:ANGI) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.24. The firm had revenue of $245.91 million for the quarter, compared to analyst estimates of $239.73 million. Angi had a return on equity of 3.41% and a net margin of 3.04%. On average, analysts predict that Angi Inc. will post 0.08 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on ANGI shares. StockNews.com upgraded Angi from a “hold” rating to a “buy” rating in a report on Saturday. Benchmark increased their target price on Angi from $6.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Royal Bank of Canada decreased their price objective on Angi from $27.50 to $17.00 and set a “sector perform” rating for the company in a report on Tuesday, April 15th. Citigroup decreased their price objective on Angi from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Finally, UBS Group decreased their price objective on Angi from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Angi has a consensus rating of “Hold” and an average price target of $21.36.

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.