SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose Negligible Passive Stake in ANGI Inc.
Beneficial Ownership Statement
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have filed an amended Schedule 13G disclosing a passive beneficial ownership of 0.0% in ANGI Inc.'s Class A Common Stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson, its Chairman and CEO, jointly filed an Amendment No. 2 to Schedule 13G regarding their beneficial ownership in ANGI Inc.'s Class A Common Stock.
- As of December 31, 2024, the aggregate amount beneficially owned by each reporting person is 4,454.79 shares.
- This beneficial ownership represents 0.0% of ANGI Inc.'s Class A Common Stock.
- FMR LLC holds sole voting power over 3,000.00 shares and sole dispositive power over 4,454.79 shares.
- Abigail P. Johnson holds sole dispositive power over 4,454.79 shares, with no sole or shared voting power.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of ANGI Inc.
- Fidelity Management & Research Company LLC and Strategic Advisers LLC are identified as relevant entities under FMR LLC that beneficially own shares.
- Members of the Johnson family, including Abigail P. Johnson, are the predominant owners of FMR LLC's Series B voting common shares, representing 49% of the voting power, and have a voting agreement to vote in accordance with the majority.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Schedule 13G) disclosing a negligible, passive ownership stake. It contains no material positive or negative information about ANGI Inc.'s operations, financials, or strategic direction, thus indicating a neutral sentiment.
Positives
- The filing indicates that a major institutional investor, FMR LLC (Fidelity), holds a stake in ANGI Inc., albeit a negligible one, suggesting it is on their radar for investment purposes.
- The passive nature of the filing (Schedule 13G) confirms that FMR LLC does not intend to influence or change control of ANGI Inc., which can be a positive for current management stability.
Future Outlook
This Schedule 13G filing does not contain any forward-looking statements or guidance regarding ANGI Inc.'s future outlook.
Industry Context
This filing is a routine disclosure of beneficial ownership by an institutional investor and does not provide specific insights into broader industry trends or competitive dynamics for ANGI Inc. It primarily reflects a passive investment decision by FMR LLC.
Stakeholder Impact
- Shareholders: Minimal impact, as the disclosed ownership is negligible (0.0%) and passive, indicating no intent to influence company control or strategy.
- Management: No direct impact, as the filing confirms a passive investment without any intention to change or influence control.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Accession number date for Abigail P. Johnson's Power of Attorney reference. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end). |
| 2025-02-11 | Date of filing of this Schedule 13G. |
Keywords
ANGI Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, Class A Common Stock, institutional investor, passive investment
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