Hello Group Inc. (NASDAQ:MOMO) Shares Purchased by Yunqi Capital Ltd

Yunqi Capital Ltd raised its position in Hello Group Inc. (NASDAQ:MOMO) by 19.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 884,278 shares of the information services provider’s stock after purchasing an additional 145,900 shares during the quarter. Hello Group accounts for approximately 4.3% of Yunqi Capital Ltd’s holdings, making the stock its 7th largest holding. Yunqi Capital Ltd’s holdings in Hello Group were worth $6,146,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MOMO. Asset Management One Co. Ltd. bought a new position in shares of Hello Group in the 3rd quarter valued at about $639,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hello Group by 31,280.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,305 shares of the information services provider’s stock valued at $302,000 after purchasing an additional 43,167 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Hello Group by 4.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,317 shares of the information services provider’s stock worth $714,000 after purchasing an additional 4,631 shares during the last quarter. Jacob Asset Management of New York LLC increased its position in shares of Hello Group by 22.9% during the 3rd quarter. Jacob Asset Management of New York LLC now owns 151,145 shares of the information services provider’s stock worth $1,055,000 after purchasing an additional 28,145 shares during the last quarter. Finally, Banque Pictet & Cie SA bought a new stake in shares of Hello Group during the 3rd quarter worth approximately $144,000. 50.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Benchmark decreased their target price on shares of Hello Group from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, March 15th. StockNews.com lowered shares of Hello Group from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Hello Group Stock Performance

Shares of MOMO traded up $0.01 during midday trading on Tuesday, reaching $5.72. 1,064,594 shares of the stock were exchanged, compared to its average volume of 2,172,778. The stock’s 50 day simple moving average is $6.24 and its 200 day simple moving average is $6.56. The company has a market cap of $1.07 billion, a P/E ratio of 4.14 and a beta of 0.68. Hello Group Inc. has a twelve month low of $5.30 and a twelve month high of $11.12. The company has a quick ratio of 3.72, a current ratio of 3.74 and a debt-to-equity ratio of 0.16.

Hello Group (NASDAQ:MOMO) last issued its quarterly earnings data on Thursday, March 14th. The information services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). The business had revenue of $422.95 million during the quarter, compared to analyst estimates of $447.28 million. Hello Group had a return on equity of 17.23% and a net margin of 16.27%. On average, sell-side analysts expect that Hello Group Inc. will post 1.46 earnings per share for the current year.

Hello Group Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 12th will be paid a $0.52 dividend. This represents a yield of 8.97%. The ex-dividend date of this dividend is Thursday, April 11th.

About Hello Group

Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. 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.