Mitsubishi UFJ Trust & Banking Corp Has $2.93 Million Stock Position in Hello Group Inc. Sponsored ADR $MOMO

Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) by 58.4% during the third quarter, Holdings Channel reports. The firm owned 394,455 shares of the information services provider’s stock after purchasing an additional 145,362 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Hello Group were worth $2,927,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Loomis Sayles & Co. L P raised its holdings in Hello Group by 322.1% during the second quarter. Loomis Sayles & Co. L P now owns 5,390 shares of the information services provider’s stock valued at $45,000 after buying an additional 4,113 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Hello Group during the 2nd quarter worth about $41,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Hello Group by 45.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,375 shares of the information services provider’s stock valued at $189,000 after acquiring an additional 7,021 shares during the last quarter. Legal & General Group Plc grew its holdings in Hello Group by 31.7% during the second quarter. Legal & General Group Plc now owns 39,861 shares of the information services provider’s stock valued at $336,000 after purchasing an additional 9,597 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Hello Group by 4.1% in the 2nd quarter. Geode Capital Management LLC now owns 279,901 shares of the information services provider’s stock valued at $2,362,000 after buying an additional 10,944 shares during the last quarter. 50.96% of the stock is currently owned by institutional investors.

Hello Group Price Performance

Shares of NASDAQ:MOMO opened at $6.82 on Friday. The company has a 50 day moving average of $6.80 and a 200-day moving average of $7.35. Hello Group Inc. Sponsored ADR has a one year low of $5.12 and a one year high of $9.22. The stock has a market cap of $813.35 million, a price-to-earnings ratio of 8.22 and a beta of 0.32.

Hello Group (NASDAQ:MOMO) last posted its quarterly earnings results on Wednesday, December 10th. The information services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. Hello Group had a return on equity of 10.07% and a net margin of 5.96%.The company had revenue of $372.16 million for the quarter, compared to the consensus estimate of $362.80 million. During the same quarter in the prior year, the business posted $2.70 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. Equities research analysts anticipate that Hello Group Inc. Sponsored ADR will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MOMO shares. Weiss Ratings restated a “hold (c)” rating on shares of Hello Group in a research note on Monday, December 22nd. Zacks Research raised Hello Group from a “strong sell” rating to a “hold” rating in a research note on Monday, December 15th. Finally, Jefferies Financial Group set a $8.10 price target on shares of Hello Group in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.55.

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.