Geode Capital Management LLC Reduces Holdings in Angi Inc. (NASDAQ:ANGI)

Geode Capital Management LLC lowered its stake in shares of Angi Inc. (NASDAQ:ANGI) by 14.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 792,474 shares of the technology company’s stock after selling 130,772 shares during the period. Geode Capital Management LLC’s holdings in Angi were worth $2,045,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. ArrowMark Colorado Holdings LLC grew its stake in shares of Angi by 1.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock worth $12,202,000 after acquiring an additional 84,328 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Angi by 36.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock valued at $3,562,000 after purchasing an additional 494,739 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Angi by 1,372.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock valued at $3,616,000 after purchasing an additional 1,306,515 shares in the last quarter. AQR Capital Management LLC raised its holdings in Angi by 24.1% in the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock worth $1,593,000 after buying an additional 161,189 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in shares of Angi by 152.5% in the third quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock worth $1,192,000 after buying an additional 279,083 shares in the last quarter. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Price Performance

ANGI opened at $1.57 on Thursday. The company has a market capitalization of $780.71 million, a price-to-earnings ratio of 22.43 and a beta of 1.86. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46. Angi Inc. has a 12-month low of $1.53 and a 12-month high of $3.10. The business’s fifty day simple moving average is $1.91 and its 200-day simple moving average is $2.22.

Angi (NASDAQ:ANGI) last posted its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The business had revenue of $296.72 million during the quarter, compared to analyst estimates of $295.90 million. During the same quarter in the previous year, the business posted ($0.01) EPS. On average, equities research analysts anticipate that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on ANGI. The Goldman Sachs Group cut Angi from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. KeyCorp reduced their price target on shares of Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Benchmark lowered their price objective on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $3.00 target price on shares of Angi in a research report on Monday, December 16th. Finally, Citigroup lowered their price target on Angi from $2.00 to $1.70 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Angi has an average rating of “Hold” and a consensus target price of $3.06.

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.