19,221 Shares in Hello Group Inc. (NASDAQ:MOMO) Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in shares of Hello Group Inc. (NASDAQ:MOMO) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 19,221 shares of the information services provider’s stock, valued at approximately $148,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MOMO. SBI Securities Co. Ltd. acquired a new stake in shares of Hello Group in the fourth quarter valued at approximately $35,000. Blue Trust Inc. grew its holdings in Hello Group by 62.3% during the 4th quarter. Blue Trust Inc. now owns 6,287 shares of the information services provider’s stock valued at $48,000 after buying an additional 2,414 shares during the last quarter. Kathmere Capital Management LLC increased its position in Hello Group by 30.1% during the fourth quarter. Kathmere Capital Management LLC now owns 14,717 shares of the information services provider’s stock worth $113,000 after buying an additional 3,407 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Hello Group in the third quarter worth $138,000. Finally, Vontobel Holding Ltd. purchased a new stake in shares of Hello Group in the fourth quarter valued at $158,000. Institutional investors and hedge funds own 50.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on MOMO shares. Benchmark reiterated a “buy” rating and set a $13.00 price objective on shares of Hello Group in a research report on Thursday, March 13th. StockNews.com raised shares of Hello Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th. Finally, Citigroup raised their target price on shares of Hello Group from $5.90 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.25.

Hello Group Price Performance

Shares of MOMO stock opened at $6.32 on Monday. The firm’s 50-day simple moving average is $7.31 and its 200-day simple moving average is $7.13. Hello Group Inc. has a 1-year low of $4.79 and a 1-year high of $8.38. The firm has a market cap of $915.76 million, a P/E ratio of 6.52, a PEG ratio of 2.07 and a beta of 0.44.

Hello Group Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a dividend yield of 4.18%.

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.