FMR LLC & Abigail Johnson Report 7.58% Passive Stake in Angi Inc.

Ticker: ANGI · Form: SC 13G · Filed: 2024-02-09T00:00:00.000Z

Sentiment: bullish

Topics: institutional-ownership, passive-investment, SC-13G

TL;DR

**FMR LLC just revealed a 7.58% passive stake in Angi Inc., signaling institutional confidence.**

AI Summary

FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have disclosed a significant passive stake in Angi Inc. (ANGI). As of December 31, 2023, FMR LLC beneficially owns 6,452,535 shares of Angi's Class A Common Stock, representing 7.579% of the company. This filing indicates a notable institutional endorsement of Angi, which could signal confidence in the company's future performance to current and prospective shareholders.

Why It Matters

This filing shows a major institutional investor, FMR LLC, believes Angi Inc. is a good long-term investment, which can boost investor confidence and potentially attract more buyers to the stock.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces risk by showing external validation of the company.

Analyst Insight

A smart investor would view this as a positive signal, suggesting that a major institutional player sees long-term value in Angi Inc. It might warrant further research into Angi's fundamentals, but this filing alone doesn't necessitate immediate buying or selling.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

Who is the primary reporting person in this SC 13G filing?

The primary reporting person in this SC 13G filing is FMR LLC, a parent holding company based in Boston, Massachusetts, as stated in Item 2(a) and Item 3 of the filing.

What percentage of Angi Inc.'s Class A Common Stock does FMR LLC beneficially own?

FMR LLC beneficially owns 7.579% of Angi Inc.'s Class A Common Stock, as detailed in Item 11 and Item 4(b) of the filing.

How many shares of Angi Inc. Class A Common Stock are beneficially owned by FMR LLC and Abigail P. Johnson?

Both FMR LLC and Abigail P. Johnson are reported to beneficially own 6,452,535 shares of Angi Inc. Class A Common Stock, according to Item 7 and Item 9 for both reporting persons.

What is the CUSIP number for the securities reported in this filing?

The CUSIP number for the Class A Common Stock of Angi Inc. is 00183L102, as specified in the filing's header and Item 2(e).

Under which rule is this Schedule 13G filed?

This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing and further explained in Item 3, where FMR LLC is identified as a parent holding company.

From the Filing

0000315066-24-000975.txt : 20240209 0000315066-24-000975.hdr.sgml : 20240209 20240209083554 ACCESSION NUMBER: 0000315066-24-000975 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Angi Inc. CENTRAL INDEX KEY: 0001705110 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING [7310] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 821204801 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-90122 FILM NUMBER: 24611372 BUSINESS ADDRESS: STREET 1: 555 WEST 18TH STREET CITY: NEW YORK STATE: NY ZIP: 10011 BUSINESS PHONE: 2123147230 MAIL ADDRESS: STREET 1: 555 WEST 18TH STREET CITY: NEW YORK STATE: NY ZIP: 10011 FORMER COMPANY: FORMER CONFORMED NAME: ANGI Homeservices Inc. DATE OF NAME CHANGE: 20170504 FORMER COMPANY: FORMER CONFORMED NAME: Halo TopCo, Inc. DATE OF NAME CHANGE: 20170427 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G 1 filing.txt SCHEDULE 13G Amendment No.0 ANGI INC CLASS A COMMON STOCK Cusip #00183L102 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #00183L102 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 6,452,337 Item 6: 0 Item 7: 6,452,535 Item 8: 0 Item 9: 6,452,535 Item 11: 7.579% Item 12: HC Cusip #00183L102 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 6,452,535 Item 8: 0 Item 9: 6,452,535 Item 11: 7.579% Item 12: IN Item 1(a). Name of Issuer: ANGI INC Item 1(b). Address of Issuer's Principal Executive Offices: 555 WEST 18TH STREET NEW YORK, NY 10011 US Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: CLASS A COMMON STOCK Item 2(e). CUSIP Number: 00183L102 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 6,452,535 (b) Percent of Class: 7.579% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 6,452,535 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the CLASS A COMMON STOCK of ANGI INC. No one other person's interest in the CLASS A COMMON STOCK of ANGI INC is more than five percent of the total outstanding CLASS A COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Gro

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