Caprock Group LLC Purchases 11,484 Shares of Hello Group Inc. (NASDAQ:MOMO)

Caprock Group LLC grew its position in shares of Hello Group Inc. (NASDAQ:MOMO) by 47.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,763 shares of the information services provider’s stock after buying an additional 11,484 shares during the period. Caprock Group LLC’s holdings in Hello Group were worth $276,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MOMO. Assenagon Asset Management S.A. bought a new stake in Hello Group during the 4th quarter valued at $8,616,000. Blue Trust Inc. raised its stake in shares of Hello Group by 472.1% during the 3rd quarter. Blue Trust Inc. now owns 3,873 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 3,196 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Hello Group by 105.9% during 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 stake in Hello Group during the 3rd quarter worth about $1,013,000. Finally, KBC Group NV boosted its stake in Hello Group by 439.6% in the 3rd quarter. KBC Group NV now owns 67,412 shares of the information services provider’s stock worth $513,000 after purchasing an additional 54,920 shares during the period. Institutional investors own 50.96% of the company’s stock.

Analyst Ratings Changes

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

Hello Group Trading Up 3.5 %

Shares of NASDAQ MOMO opened at $7.37 on Friday. The business has a 50-day moving average of $7.21 and a 200-day moving average of $6.96. 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. Hello Group Inc. has a 12 month low of $4.79 and a 12 month high of $8.19.

Hello Group 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.