PNC Financial Services Group Inc. Acquires 17,605 Shares of Angi Inc. (NASDAQ:ANGI)

PNC Financial Services Group Inc. increased its stake in Angi Inc. (NASDAQ:ANGI) by 24.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 88,476 shares of the technology company’s stock after purchasing an additional 17,605 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Angi were worth $147,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ANGI. Raymond James Financial Inc. bought a new position in Angi in the fourth quarter valued at $27,000. Barclays PLC lifted its position in shares of Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after buying an additional 15,191 shares during the last quarter. Centiva Capital LP bought a new position in Angi during the third quarter worth $46,000. Jones Financial Companies Lllp grew its stake in Angi by 38.8% in the 4th quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company’s stock valued at $47,000 after buying an additional 7,944 shares during the last quarter. Finally, Trust Co of the South grew its position in shares of Angi by 98.9% in the fourth quarter. Trust Co of the South now owns 51,286 shares of the technology company’s stock valued at $85,000 after purchasing an additional 25,500 shares during the last quarter. 12.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on ANGI shares. Citigroup raised their price target on shares of Angi from $1.70 to $2.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. StockNews.com cut Angi from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. Finally, JMP Securities reduced their price objective on Angi from $3.00 to $2.75 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.05.

Angi Price Performance

Shares of NASDAQ:ANGI opened at $16.65 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. Angi Inc. has a 52 week low of $14.90 and a 52 week high of $29.15. The firm has a market cap of $8.28 billion, a PE ratio of 208.15 and a beta of 1.91. The firm’s fifty day moving average is $2.03 and its 200-day moving average is $2.12.

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.