500,000 Shares in Agora, Inc. (NASDAQ:API) Acquired by HCEP Management Ltd

HCEP Management Ltd purchased a new stake in shares of Agora, Inc. (NASDAQ:API) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 500,000 shares of the company’s stock, valued at approximately $2,080,000. Agora comprises about 1.7% of HCEP Management Ltd’s investment portfolio, making the stock its 6th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in API. Quadrature Capital Ltd bought a new position in shares of Agora during the third quarter worth approximately $27,000. Rhumbline Advisers grew its holdings in Agora by 1,988.6% in the 4th quarter. Rhumbline Advisers now owns 7,310 shares of the company’s stock valued at $30,000 after buying an additional 6,960 shares in the last quarter. EntryPoint Capital LLC bought a new position in Agora during the 4th quarter worth $69,000. Virtu Financial LLC acquired a new stake in shares of Agora during the fourth quarter worth $155,000. Finally, NINE MASTS CAPITAL Ltd bought a new stake in shares of Agora in the fourth quarter valued at about $183,000. 40.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Agora Stock Down 9.8 %

NASDAQ API opened at $3.41 on Friday. The company has a market cap of $314.41 million, a price-to-earnings ratio of -6.96, a PEG ratio of 4.36 and a beta of 0.50. Agora, Inc. has a 1-year low of $1.65 and a 1-year high of $6.99. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $5.38 and a 200-day moving average of $4.46.

About Agora

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.