XTX Topco Ltd Acquires 72,060 Shares of Angi Inc. (NASDAQ:ANGI)

XTX Topco Ltd grew its holdings in shares of Angi Inc. (NASDAQ:ANGI) by 250.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,878 shares of the technology company’s stock after purchasing an additional 72,060 shares during the quarter. XTX Topco Ltd’s holdings in Angi were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. KeyCorp reduced their price objective 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. The Goldman Sachs Group lowered shares of Angi from a “buy” rating to a “neutral” rating and cut their target price for the stock from $3.25 to $2.50 in a research report on Wednesday, November 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $3.00 price target on shares of Angi in a research report on Monday. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research report on Wednesday. Finally, Benchmark dropped their price target on Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $3.11.

Angi Price Performance

Shares of NASDAQ:ANGI opened at $1.64 on Thursday. The firm has a market capitalization of $815.52 million, a PE ratio of 23.43 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 1-year low of $1.62 and a 1-year high of $3.10. The business’s 50 day moving average is $2.16 and its 200-day moving average is $2.26.

Angi (NASDAQ:ANGI) last posted its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The firm had revenue of $296.72 million for the quarter, compared to the consensus estimate of $295.90 million. During the same quarter in the previous year, the company earned ($0.01) earnings per share. Sell-side analysts predict that Angi Inc. will post 0.08 earnings per share for the current year.

About Angi

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.