Headlands Technologies LLC Buys 87,505 Shares of Agora, Inc. (NASDAQ:API)

Headlands Technologies LLC lifted its position in Agora, Inc. (NASDAQ:API) by 1,158.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 95,060 shares of the company’s stock after purchasing an additional 87,505 shares during the quarter. Headlands Technologies LLC’s holdings in Agora were worth $395,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in API. TMT General Partner Ltd acquired a new position in Agora during the 4th quarter worth about $13,004,000. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of Agora in the fourth quarter worth about $12,459,000. Yong Rong HK Asset Management Ltd acquired a new position in shares of Agora during the fourth quarter worth approximately $10,192,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Agora during the fourth quarter valued at approximately $3,082,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Agora by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 610,457 shares of the company’s stock valued at $1,471,000 after purchasing an additional 2,791 shares in the last quarter. Institutional investors and hedge funds own 40.40% of the company’s stock.

Agora Price Performance

Shares of API stock opened at $3.78 on Friday. The firm’s 50 day moving average price is $5.42 and its two-hundred day moving average price is $4.45. 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 52-week low of $1.65 and a 52-week high of $6.99. The stock has a market cap of $348.52 million, a PE ratio of -7.71, a PEG ratio of 4.36 and a beta of 0.50.

Analyst Upgrades and Downgrades

Separately, Bank of America raised Agora from a “neutral” rating to a “buy” rating and upped their price objective for the stock 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.