Vontobel Holding Ltd. Invests $158,000 in Hello Group Inc. (NASDAQ:MOMO)

Vontobel Holding Ltd. purchased a new position in Hello Group Inc. (NASDAQ:MOMO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,550 shares of the information services provider’s stock, valued at approximately $158,000.

Several other large investors have also recently made changes to their positions in MOMO. Blue Trust Inc. raised its position in shares of Hello Group by 472.1% in the 3rd quarter. Blue Trust Inc. now owns 3,873 shares of the information services provider’s stock worth $29,000 after acquiring an additional 3,196 shares in the last quarter. Kathmere Capital Management LLC raised its position in shares of Hello Group by 30.1% in the 4th quarter. Kathmere Capital Management LLC now owns 14,717 shares of the information services provider’s stock worth $113,000 after acquiring an additional 3,407 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Hello Group in the 3rd quarter worth $125,000. Tidal Investments LLC bought a new position in shares of Hello Group in the 3rd quarter worth $138,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Hello Group by 105.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,030 shares of the information services provider’s stock worth $160,000 after acquiring an additional 10,818 shares in the last quarter. 50.96% of the stock is owned by institutional investors.

Hello Group Stock Performance

Hello Group stock opened at $8.15 on Friday. The business’s 50-day simple moving average is $7.35 and its two-hundred day simple moving average is $7.05. The company has a market cap of $1.18 billion, a PE ratio of 8.40, a PEG ratio of 1.97 and a beta of 0.47. Hello Group Inc. has a fifty-two week low of $4.79 and a fifty-two week high of $8.38.

Analysts Set New Price Targets

Several brokerages recently issued reports on MOMO. Citigroup upped their target price on Hello Group from $5.90 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Bank of America lowered Hello Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 6th. Finally, StockNews.com raised Hello Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $8.25.

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.