Millennium Management LLC Lowers Position in Agora, Inc. (NASDAQ:API)

Millennium Management LLC decreased its position in Agora, Inc. (NASDAQ:API) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,963 shares of the company’s stock after selling 2,949 shares during the period. Millennium Management LLC owned about 0.14% of Agora worth $520,000 at the end of the most recent quarter.

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

Agora Stock Down 0.3%

Shares of NASDAQ:API opened at $3.81 on Monday. The company’s fifty day moving average is $3.34 and its two-hundred day moving average is $4.49. The stock has a market capitalization of $355.60 million, a price-to-earnings ratio of -7.78, a price-to-earnings-growth ratio of 4.36 and a beta of 0.56. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.15 and a current ratio of 6.15. Agora, Inc. has a 1-year low of $1.65 and a 1-year high of $6.99.

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.