California State Teachers Retirement System Sells 7,358 Shares of Angi Inc. (NASDAQ:ANGI)

California State Teachers Retirement System reduced its stake in shares of Angi Inc. (NASDAQ:ANGI) by 11.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 55,258 shares of the technology company’s stock after selling 7,358 shares during the period. California State Teachers Retirement System’s holdings in Angi were worth $92,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jane Street Group LLC boosted its position in Angi by 16.8% during the fourth quarter. Jane Street Group LLC now owns 50,920 shares of the technology company’s stock worth $85,000 after purchasing an additional 7,340 shares during the period. Jones Financial Companies Lllp lifted 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 valued at $47,000 after acquiring an additional 7,944 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Angi during the 4th quarter worth $27,000. PNC Financial Services Group Inc. raised its holdings in shares of Angi by 24.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company’s stock worth $147,000 after buying an additional 17,605 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Angi during the 4th quarter worth $30,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

Angi Stock Down 4.9%

Shares of NASDAQ:ANGI opened at $15.82 on Friday. The business’s 50 day moving average is $14.25 and its 200 day moving average is $16.11. The stock has a market cap of $759.15 million, a price-to-earnings ratio of 197.77 and a beta of 1.81. Angi Inc. has a 12-month low of $10.88 and a 12-month high of $29.15. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47.

Angi (NASDAQ:ANGI) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.24. The business 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, sell-side analysts forecast that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ANGI has been the subject of a number of recent research reports. Wall Street Zen raised Angi from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. Benchmark increased their price target on Angi from $6.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. UBS Group lowered their target price on Angi from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Citigroup lowered their target price on Angi from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Finally, KeyCorp reduced their price objective on Angi from $22.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.