Bank of America Corp DE raised its holdings in ANGI Homeservices Inc (NASDAQ:ANGI) by 2,194.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 396,436 shares of the technology company’s stock after acquiring an additional 379,161 shares during the period. Bank of America Corp DE’s holdings in ANGI Homeservices were worth $5,158,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Riverhead Capital Management LLC acquired a new position in ANGI Homeservices in the second quarter valued at about $29,000. JPMorgan Chase & Co. grew its stake in ANGI Homeservices by 69.2% in the second quarter. JPMorgan Chase & Co. now owns 3,009 shares of the technology company’s stock valued at $39,000 after acquiring an additional 1,231 shares during the period. Aperio Group LLC acquired a new position in ANGI Homeservices in the second quarter valued at about $56,000. Tyers Asset Management LLC acquired a new position in ANGI Homeservices in the second quarter valued at about $61,000. Finally, Tower Research Capital LLC TRC grew its stake in ANGI Homeservices by 1,495.9% in the second quarter. Tower Research Capital LLC TRC now owns 5,107 shares of the technology company’s stock valued at $67,000 after acquiring an additional 4,787 shares during the period. 13.94% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Bowman Angela R. Hicks sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $8.39, for a total transaction of $83,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Craig M. Smith sold 3,842 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $13.42, for a total value of $51,559.64. The disclosure for this sale can be found here. Insiders have sold 86,677 shares of company stock valued at $1,066,018 over the last ninety days. 13.10% of the stock is owned by insiders.
A number of research firms have issued reports on ANGI. ValuEngine raised ANGI Homeservices from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Wedbush cut ANGI Homeservices from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $22.00 to $10.00 in a research note on Friday, August 9th. Citigroup began coverage on ANGI Homeservices in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $9.50 target price for the company. Nomura decreased their target price on ANGI Homeservices from $17.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, Evercore ISI reissued a “hold” rating and issued a $11.00 target price on shares of ANGI Homeservices in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $16.35.
ANGI stock opened at $6.80 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a market capitalization of $3.45 billion, a P/E ratio of 45.30 and a beta of 2.10. The business has a 50-day moving average of $7.44 and a 200-day moving average of $12.44. ANGI Homeservices Inc has a fifty-two week low of $6.51 and a fifty-two week high of $22.83.
ANGI Homeservices (NASDAQ:ANGI) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $343.90 million for the quarter, compared to analyst estimates of $351.19 million. ANGI Homeservices had a return on equity of 6.42% and a net margin of 6.53%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.05 earnings per share. Equities analysts expect that ANGI Homeservices Inc will post 0.08 EPS for the current year.
ANGI Homeservices Profile
ANGI Homeservices Inc operates a digital marketplace for home services, connecting millions of homeowners with home service professionals in North America and Europe. Its HomeAdvisor digital marketplace service connects consumers with service professionals for home repair, maintenance, and improvement projects, as well as provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals.
Read More: Example of operating income, EBIT and EBITDA
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