Momo Inc. (MOMO) Holdings Maintained by Hillhouse Capital Management Ltd.
Hillhouse Capital Management Ltd. maintained its position in Momo Inc. (NASDAQ:MOMO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,629,062 shares of the information services provider’s stock at the end of the second quarter. Momo makes up approximately 1.5% of Hillhouse Capital Management Ltd.’s holdings, making the stock its 12th largest holding. Hillhouse Capital Management Ltd.’s holdings in Momo were worth $97,170,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of MOMO. D.A. Davidson & CO. bought a new position in shares of Momo during the 2nd quarter valued at approximately $136,000. Benjamin F. Edwards & Company Inc. purchased a new stake in Momo in the 2nd quarter worth approximately $155,000. Alta Advisers Ltd purchased a new stake in Momo in the 2nd quarter worth approximately $156,000. Bfsg LLC purchased a new stake in Momo in the 2nd quarter worth approximately $203,000. Finally, Teacher Retirement System of Texas purchased a new stake in Momo in the 2nd quarter worth approximately $259,000. 39.14% of the stock is currently owned by hedge funds and other institutional investors.
Momo Inc. (NASDAQ MOMO) traded down 0.87% during trading on Wednesday, reaching $32.00. 2,507,181 shares of the company traded hands. Momo Inc. has a 52 week low of $16.73 and a 52 week high of $46.69.
Momo (NASDAQ:MOMO) last issued its quarterly earnings data on Tuesday, August 22nd. The information services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $312.20 million for the quarter, compared to analyst estimates of $287.84 million. Momo had a return on equity of 38.94% and a net margin of 27.00%. Momo’s revenue was up 31120.0% on a year-over-year basis. Equities analysts predict that Momo Inc. will post $1.67 EPS for the current fiscal year.
MOMO has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Momo from a “c+” rating to a “b” rating in a research note on Monday, August 7th. Vetr lowered shares of Momo from a “strong-buy” rating to a “buy” rating and set a $42.25 price target for the company. in a research report on Monday, September 4th. Goldman Sachs Group, Inc. (The) started coverage on shares of Momo in a research note on Wednesday, August 30th. They issued a “buy” rating and a $56.00 price objective for the company. Standpoint Research assumed coverage on shares of Momo in a research note on Wednesday, August 30th. They issued a “buy” rating and a $44.00 price objective for the company. Finally, Jefferies Group LLC restated a “buy” rating and set a $54.00 price objective on shares of Momo in a research report on Wednesday, August 16th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $41.64.
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Momo Company Profile
Momo Inc is a holding company. The Company operates Momo, a mobile-based social networking platform. The Company’s Momo platform includes its Momo mobile application and a range of related features, functionalities, tools and services that it provides to users, customers and platform partners. Momo users can maintain their relationships through its private and group communication tools, content creation and sharing functions, as well as the offline social activities promoted on its platform.
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