Bank of America Corp DE Has $2.35 Million Stock Position in Agora, Inc. (NASDAQ:API)

Bank of America Corp DE grew its holdings in shares of Agora, Inc. (NASDAQ:API) by 714.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 565,584 shares of the company’s stock after purchasing an additional 496,156 shares during the period. Bank of America Corp DE owned about 0.61% of Agora worth $2,353,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers grew its position in shares of Agora by 1,988.6% during the 4th quarter. Rhumbline Advisers now owns 7,310 shares of the company’s stock worth $30,000 after purchasing an additional 6,960 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Agora during the 4th quarter worth approximately $53,000. EntryPoint Capital LLC acquired a new position in shares of Agora during the 4th quarter worth approximately $69,000. XTX Topco Ltd acquired a new position in shares of Agora during the 4th quarter worth approximately $73,000. Finally, Virtu Financial LLC acquired a new position in shares of Agora during the 4th quarter worth approximately $155,000. Institutional investors and hedge funds own 40.40% of the company’s stock.

Agora Stock Performance

Shares of NASDAQ:API opened at $3.46 on Tuesday. The company’s 50 day moving average price is $3.38 and its two-hundred day moving average price is $4.50. Agora, Inc. has a 12-month low of $1.65 and a 12-month high of $6.99. The firm has a market cap of $322.94 million, a PE ratio of -7.06, a PEG ratio of 4.36 and a beta of 0.53. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 0.06.

Agora 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.