Barclays PLC Grows Stake in Agora, Inc. (NASDAQ:API)

Barclays PLC boosted its holdings in Agora, Inc. (NASDAQ:API) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,572 shares of the company’s stock after purchasing an additional 8,724 shares during the quarter. Barclays PLC owned about 0.13% of Agora worth $497,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake in shares of Agora by 1,988.6% during the fourth quarter. Rhumbline Advisers now owns 7,310 shares of the company’s stock worth $30,000 after buying an additional 6,960 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Agora in the 4th quarter valued at approximately $69,000. Virtu Financial LLC acquired a new position in shares of Agora in the fourth quarter valued at approximately $155,000. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Agora during the fourth quarter worth approximately $183,000. Finally, Headlands Technologies LLC lifted its holdings in shares of Agora by 1,158.2% during the fourth quarter. Headlands Technologies LLC now owns 95,060 shares of the company’s stock worth $395,000 after purchasing an additional 87,505 shares during the period. Institutional investors and hedge funds own 40.40% of the company’s stock.

Agora Stock Up 6.1 %

Shares of NASDAQ API opened at $3.48 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.15 and a quick ratio of 6.15. The firm’s 50-day moving average is $3.92 and its two-hundred day moving average is $4.47. Agora, Inc. has a 12-month low of $1.65 and a 12-month high of $6.99. The company has a market capitalization of $324.80 million, a PE ratio of -7.10, a price-to-earnings-growth ratio of 4.36 and a beta of 0.53.

Analyst Ratings Changes

Separately, Bank of America raised Agora from a “neutral” rating to a “buy” rating and raised their price target for the company from $3.10 to $6.00 in a report on Thursday, January 16th.

Agora Company Profile

Agora, Inc operates in real-time engagement technology business in the People's Republic of China, the United States, and internationally. The company offers real-time engagement platform-as-a-services providing developers with application programming interfaces to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications.