SG Americas Securities LLC Increases Stake in Hello Group Inc. (NASDAQ:MOMO)

SG Americas Securities LLC boosted its holdings in shares of Hello Group Inc. (NASDAQ:MOMO) by 86.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,676 shares of the information services provider’s stock after acquiring an additional 14,211 shares during the period. SG Americas Securities LLC’s holdings in Hello Group were worth $237,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Assenagon Asset Management S.A. bought a new stake in shares of Hello Group in the 4th quarter worth $8,616,000. Blue Trust Inc. increased its stake in 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 buying an additional 3,196 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in 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 purchasing an additional 10,818 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Hello Group during the third quarter valued at $1,013,000. Finally, KBC Group NV lifted its position in shares of Hello Group by 439.6% in the third quarter. KBC Group NV now owns 67,412 shares of the information services provider’s stock worth $513,000 after buying an additional 54,920 shares in the last quarter. Hedge funds and other institutional investors own 50.96% of the company’s stock.

Analyst Ratings Changes

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

Hello Group Trading Up 3.5 %

Shares of Hello Group stock opened at $7.37 on Friday. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 1.84 and a beta of 0.47. The firm’s 50 day simple moving average is $7.21 and its two-hundred day simple moving average is $6.96. Hello Group Inc. has a 12-month low of $4.79 and a 12-month high of $8.19.

Hello Group Company Profile

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.