1 week Ago By Defense World Staff
Norges Bank acquired a new position in Hello Group Inc. (NASDAQ:MOMO – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,396,296 shares of the information services provider’s stock, valued at approximately $10,765,000.
Norges Bank owned about 0.96% of Hello Group at the end of the most recent quarter. Other institutional investors have also recently bought and sold shares of the company.
LPL Financial LLC boosted its position in Hello Group by 813.1% during the fourth quarter. LPL Financial LLC now owns 101,277 shares of the information services provider’s stock worth $781,000 after purchasing an additional 90,186 shares during the period.
American Century Companies Inc. grew its stake in Hello Group by 4.7% in the 4th quarter.
American Century Companies Inc. now owns 912,611 shares of the information services provider’s stock valued at $7,036,000 after buying an additional 40,620 shares in the last quarter. Quantbot Technologies LP bought a new stake in Hello Group during the 4th quarter valued at $148,000.
SBI Securities Co. Ltd. purchased a new stake in shares of Hello Group during the fourth quarter worth $35,000.
Finally, QRG Capital Management Inc. boosted its holdings in shares of Hello Group by 8.4% in the fourth quarter.
QRG Capital Management Inc. now owns 21,861 shares of the information services provider’s stock worth $169,000 after acquiring an additional 1,690 shares during the period. Institutional investors own 50.
96% of the company’s stock. Hello Group Trading Down 2.7 %MOMO stock opened at $5.
39 on Wednesday. The company’s 50 day moving average is $7.09 and its 200 day moving average is $7.
10. The stock has a market cap of $781.01 million, a price-to-earnings ratio of 5.
56, a price-to-earnings-growth ratio of 2.07 and a beta of 0.33.
Hello Group Inc. has a 1-year low of $4.79 and a 1-year high of $8.
38. Hello Group Cuts DividendThe business also recently declared an annual dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be issued a $0.
30 dividend. This represents a dividend yield of 4.18%.
The ex-dividend date is Friday, April 11th. Analyst Upgrades and DowngradesSeveral brokerages have commented on MOMO. Benchmark restated a “buy” rating and issued a $13.
00 target price on shares of Hello Group in a research note on Thursday, March 13th. Citigroup boosted their price objective on shares of Hello Group from $5.90 to $7.
00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, StockNews.com cut shares of Hello Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 2nd.
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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8.
25.Get Our Latest Stock Report on MOMOHello Group Profile (Free Report)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.Further ReadingFive stocks we like better than Hello GroupHow to Know if a Stock Pays Dividends and When They Are Paid OutTariff-Proof Stocks: 3 Big Bargains With Huge Upside PotentialWhat is Forex and How Does it Work? Qualcomm Breaks Down But RSI Signals It’s Severely OversoldThere Are Different Types of Stock To Invest InTesla’s #1 Bull Cuts Target But Says It’s Still a BuyWant to see what other hedge funds are holding MOMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hello Group Inc.
(NASDAQ:MOMO – Free Report)..
