Wellington Management Group LLP Has $6.61 Million Position in Hello Group Inc. (NASDAQ:MOMO)

Wellington Management Group LLP cut its holdings in shares of Hello Group Inc. (NASDAQ:MOMO) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 950,293 shares of the information services provider’s stock after selling 54,394 shares during the period. Wellington Management Group LLP owned about 0.50% of Hello Group worth $6,605,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Headlands Technologies LLC bought a new stake in shares of Hello Group during the 4th quarter valued at approximately $28,000. Tower Research Capital LLC TRC increased its holdings in shares of Hello Group by 10,987.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,311 shares of the information services provider’s stock worth $72,000 after buying an additional 10,218 shares in the last quarter. D Orazio & Associates Inc. bought a new position in shares of Hello Group in the 4th quarter valued at $79,000. SG Americas Securities LLC acquired a new stake in shares of Hello Group during the 4th quarter valued at $124,000. Finally, Moody Aldrich Partners LLC bought a new stake in Hello Group during the 4th quarter worth $131,000. 50.96% of the stock is owned by institutional investors and hedge funds.

Hello Group Price Performance

MOMO stock opened at $6.12 on Friday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.17. The company’s fifty day simple moving average is $5.83 and its 200 day simple moving average is $6.18. Hello Group Inc. has a 12-month low of $4.79 and a 12-month high of $11.12. The firm has a market cap of $886.79 million, a price-to-earnings ratio of 5.56, a PEG ratio of 1.38 and a beta of 0.59.

Hello Group (NASDAQ:MOMO) last announced its earnings results on Tuesday, May 28th. The information services provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. Hello Group had a return on equity of 13.61% and a net margin of 13.38%. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.48 billion. During the same quarter in the prior year, the company earned $0.28 EPS. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. On average, analysts expect that Hello Group Inc. will post 0.98 earnings per share for the current year.

Hello Group Cuts Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 12th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a dividend yield of 8.97%.

Analysts Set New Price Targets

A number of analysts have recently commented on MOMO shares. JPMorgan Chase & Co. lowered Hello Group from an “overweight” rating to a “neutral” rating and cut their price target for the company from $13.00 to $6.00 in a research note on Monday, June 3rd. Benchmark decreased their price target on shares of Hello Group from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. StockNews.com cut shares of Hello Group from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Citigroup lowered their target price on Hello Group from $6.40 to $5.70 and set a “neutral” rating for the company in a research report on Wednesday, May 29th. Finally, Morgan Stanley downgraded Hello Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8.90.

About Hello Group

Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. It operates in three segments: Momo, Tantan, and QOOL. The company offers Momo, a mobile application that connects people and facilitates social interactions based on location, interests, and various online recreational activities, including live talent shows, short videos, social games, as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke and user participated reality shows; Tantan, a social and dating application; and other applications under the Hertz, Soulchill, Duidui, and Tietie names.