7,230,359 Shares in Hello Group Inc. Sponsored ADR $MOMO Acquired by Athos Capital Ltd

Athos Capital Ltd acquired a new position in Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,230,359 shares of the information services provider’s stock, valued at approximately $47,359,000. Hello Group accounts for about 18.3% of Athos Capital Ltd’s portfolio, making the stock its 2nd biggest position. Athos Capital Ltd owned about 0.06% of Hello Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MOMO. Goldman Sachs Group Inc. lifted its stake in shares of Hello Group by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 8,127,428 shares of the information services provider’s stock worth $51,284,000 after acquiring an additional 546,048 shares during the period. Geode Capital Management LLC lifted its stake in shares of Hello Group by 4.1% in the second quarter. Geode Capital Management LLC now owns 279,901 shares of the information services provider’s stock worth $2,362,000 after acquiring an additional 10,944 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Hello Group by 111.0% in the second quarter. JPMorgan Chase & Co. now owns 315,918 shares of the information services provider’s stock worth $2,666,000 after acquiring an additional 166,227 shares during the period. Legal & General Group Plc lifted its stake in shares of Hello Group by 31.7% in the second quarter. Legal & General Group Plc now owns 39,861 shares of the information services provider’s stock worth $336,000 after acquiring an additional 9,597 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of Hello Group by 231.1% in the second quarter. Hsbc Holdings PLC now owns 38,864 shares of the information services provider’s stock worth $329,000 after acquiring an additional 27,125 shares during the period. 50.96% of the stock is owned by institutional investors and hedge funds.

Hello Group Stock Up 0.5%

NASDAQ MOMO opened at $5.51 on Friday. Hello Group Inc. Sponsored ADR has a 52 week low of $5.38 and a 52 week high of $9.22. The business has a 50 day moving average price of $6.04 and a 200-day moving average price of $6.38. The company has a market cap of $592.71 million, a price-to-earnings ratio of 8.61 and a beta of 0.46.

Hello Group Cuts Dividend

The company also recently announced an annual dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were given a dividend of $0.28 per share. This represents a dividend yield of 475.0%. The ex-dividend date of this dividend was Friday, April 10th.

Wall Street Analyst Weigh In

MOMO has been the topic of a number of recent analyst reports. Weiss Ratings lowered Hello Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Benchmark reiterated a “buy” rating on shares of Hello Group in a report on Thursday, June 4th. Finally, UBS Group set a $10.00 target price on Hello Group in a report on Thursday, June 4th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $9.05.

Hello Group Company Profile

Hello Group Inc (NASDAQ: MOMO) is a China-based technology company specializing in mobile social networking and interactive entertainment. Its flagship product, the Momo app, offers location-based social discovery services that enable users to find and connect with new friends based on shared interests and geographic proximity. The platform integrates instant messaging, group chat, and content-sharing features, while also providing premium subscriptions and in-app purchases such as virtual gifts and sticker packs.

In addition to Momo, Hello Group’s portfolio includes Tantan, a dating-focused social app designed to help users build meaningful relationships through profile matching and interest-driven swiping.