BlackRock Inc. increased its position in shares of ANGI Homeservices Inc (NASDAQ:ANGI) by 48,275.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 972,341 shares of the technology company’s stock after buying an additional 970,331 shares during the period. BlackRock Inc.’s holdings in ANGI Homeservices were worth $10,170,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in ANGI. D.A. Davidson & CO. purchased a new stake in shares of ANGI Homeservices during the fourth quarter worth approximately $119,000. Teacher Retirement System of Texas purchased a new stake in shares of ANGI Homeservices during the fourth quarter worth approximately $134,000. SG Americas Securities LLC purchased a new stake in shares of ANGI Homeservices during the third quarter worth approximately $160,000. Equitec Proprietary Markets LLC purchased a new stake in shares of ANGI Homeservices during the fourth quarter worth approximately $293,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of ANGI Homeservices by 34.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 205,910 shares of the technology company’s stock worth $2,566,000 after buying an additional 53,140 shares during the period. Hedge funds and other institutional investors own 84.45% of the company’s stock.
A number of research firms recently weighed in on ANGI. BidaskClub lowered shares of ANGI Homeservices from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 21st. UBS began coverage on shares of ANGI Homeservices in a research note on Thursday, March 15th. They set a “buy” rating and a $20.00 target price on the stock. ValuEngine lowered shares of ANGI Homeservices from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of ANGI Homeservices from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. Finally, Wells Fargo restated a “buy” rating and set a $15.00 target price on shares of ANGI Homeservices in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. ANGI Homeservices presently has an average rating of “Buy” and a consensus price target of $14.23.
In other news, major shareholder Luxor Capital Group, Lp acquired 340,137 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average cost of $14.97 per share, with a total value of $5,091,850.89. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bowman Angela R. Hicks sold 26,301 shares of the stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $13.28, for a total value of $349,277.28. The disclosure for this sale can be found here. Insiders acquired 6,630,015 shares of company stock worth $96,148,451 over the last quarter. 18.20% of the stock is currently owned by insiders.
Shares of ANGI Homeservices stock opened at $13.65 on Wednesday. The company has a market capitalization of $877.25, a price-to-earnings ratio of -62.05, a P/E/G ratio of 3.27 and a beta of 1.34. ANGI Homeservices Inc has a 52 week low of $5.70 and a 52 week high of $15.77. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.53.
ANGI Homeservices (NASDAQ:ANGI) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.07). The company had revenue of $223.21 million during the quarter, compared to analysts’ expectations of $225.82 million. ANGI Homeservices had a negative net margin of 24.70% and a negative return on equity of 24.06%. analysts anticipate that ANGI Homeservices Inc will post 0.17 EPS for the current fiscal year.
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ANGI Homeservices Profile
ANGI Homeservices Inc owns and operates the HomeAdvisor digital marketplace service to connect consumers with service professionals for home repair, maintenance, and improvement projects. The company operates through two segments, North America and Europe. Its marketplace provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals, as well as book appointments with those professionals online or connect with them by telephone; and offers several home services-related resources.
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