Barclays PLC Sells 46,532 Shares of Agora, Inc. (NASDAQ:API)

Barclays PLC trimmed its holdings in shares of Agora, Inc. (NASDAQ:API) by 29.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,848 shares of the company’s stock after selling 46,532 shares during the quarter. Barclays PLC’s holdings in Agora were worth $267,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in API. Quadrature Capital Ltd purchased a new position in shares of Agora during the 3rd quarter worth $27,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Agora in the 3rd quarter worth $28,000. Clearline Capital LP raised its holdings in Agora by 41.8% in the 2nd quarter. Clearline Capital LP now owns 122,999 shares of the company’s stock worth $261,000 after purchasing an additional 36,244 shares during the period. Dimensional Fund Advisors LP lifted its position in Agora by 23.5% during the second quarter. Dimensional Fund Advisors LP now owns 275,866 shares of the company’s stock valued at $585,000 after purchasing an additional 52,432 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in Agora during the second quarter valued at about $777,000. 40.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Agora Price Performance

NASDAQ API opened at $4.81 on Tuesday. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.06. Agora, Inc. has a 12 month low of $1.65 and a 12 month high of $6.64. The stock has a market cap of $443.48 million, a price-to-earnings ratio of -9.82 and a beta of 0.34. The company’s 50 day moving average is $4.63 and its two-hundred day moving average is $3.31.

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.