Allspring Global Investments Holdings LLC Sells 125,500 Shares of Agora, Inc. (NASDAQ:API)

Allspring Global Investments Holdings LLC reduced its holdings in shares of Agora, Inc. (NASDAQ:API) by 4.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,903,966 shares of the company’s stock after selling 125,500 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Agora were worth $7,637,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in shares of Agora by 52.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,811,357 shares of the company’s stock worth $37,885,000 after acquiring an additional 1,309,170 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Agora by 175.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,934,039 shares of the company’s stock valued at $6,054,000 after purchasing an additional 1,232,144 shares during the last quarter. FMR LLC acquired a new stake in Agora in the second quarter valued at approximately $5,471,000. Renaissance Technologies LLC grew its stake in shares of Agora by 88.7% during the first quarter. Renaissance Technologies LLC now owns 1,112,100 shares of the company’s stock worth $11,054,000 after buying an additional 522,904 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Agora by 330.4% during the fourth quarter. Jane Street Group LLC now owns 641,835 shares of the company’s stock worth $2,510,000 after buying an additional 492,704 shares in the last quarter. 40.40% of the stock is owned by institutional investors and hedge funds.

Agora Stock Up 2.1 %

Shares of API opened at $2.41 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.00 and a current ratio of 4.60. Agora, Inc. has a 52 week low of $2.32 and a 52 week high of $3.76. The stock has a market capitalization of $259.05 million, a price-to-earnings ratio of -2.77 and a beta of 0.04. The stock has a fifty day moving average of $2.64 and a 200-day moving average of $2.72.

Agora (NASDAQ:API) last posted its earnings results on Monday, February 26th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.06. Agora had a negative return on equity of 13.65% and a negative net margin of 61.62%. The firm had revenue of $36.04 million during the quarter, compared to the consensus estimate of $35.97 million. As a group, sell-side analysts anticipate that Agora, Inc. will post -0.23 earnings per share for the current fiscal year.

Agora Profile

Agora, Inc provides real-time engagement platform-as-a-service (RTE-PaaS) in the People's Republic of China, the United States, and internationally. The company's RTE-PaaS offers developers with software tools to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence functionalities.