2 weeks Ago By Defense World Staff
Rhumbline Advisers trimmed its position in shares of Hello Group Inc. ( NASDAQ:MOMO – Free Report ) by 14.6% during the 2nd quarter, according to its most recent 13F filing with the SEC.
The fund owned 11,742 shares of the information services provider’s stock after selling 2,000 shares during the quarter. Rhumbline Advisers’ holdings in Hello Group were worth $72,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also bought and sold shares of MOMO.
Platinum Investment Management Ltd. grew its holdings in shares of Hello Group by 110.0% during the first quarter.
Platinum Investment Management Ltd. now owns 8,971 shares of the information services provider’s stock valued at $56,000 after buying an additional 4,700 shares during the last quarter. Virtu Financial LLC lifted its position in Hello Group by 31.
8% during the fourth quarter. Virtu Financial LLC now owns 31,390 shares of the information services provider’s stock valued at $218,000 after purchasing an additional 7,581 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in Hello Group by 19.
4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 67,812 shares of the information services provider’s stock worth $415,000 after purchasing an additional 11,013 shares during the last quarter. Kathmere Capital Management LLC bought a new stake in Hello Group in the 2nd quarter worth approximately $74,000.
Finally, Janney Montgomery Scott LLC raised its stake in Hello Group by 24.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 70,229 shares of the information services provider’s stock valued at $436,000 after buying an additional 13,598 shares during the last quarter.
50.96% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades MOMO has been the subject of a number of recent research reports.
Jefferies Financial Group boosted their price target on Hello Group from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd.
StockNews.com upgraded Hello Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co.
lowered Hello Group from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $13.00 to $6.00 in a research note on Monday, June 3rd.
Finally, Benchmark reduced their price objective on Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th.
One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.
93. Hello Group Trading Up 2.7 % MOMO stock opened at $7.
61 on Tuesday. The company has a quick ratio of 2.55, a current ratio of 2.
55 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.
10 billion, a price-to-earnings ratio of 6.92, a price-to-earnings-growth ratio of 1.99 and a beta of 0.
53. Hello Group Inc. has a twelve month low of $4.
79 and a twelve month high of $7.88. The firm’s fifty day simple moving average is $6.
67 and its two-hundred day simple moving average is $6.21. Hello Group ( NASDAQ:MOMO – Get Free Report ) last issued its earnings results on Tuesday, September 3rd.
The information services provider reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $2.
13. Hello Group had a net margin of 12.40% and a return on equity of 12.
09%. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.
67 billion. During the same period in the prior year, the firm earned $0.39 EPS.
The company’s revenue for the quarter was down 14.2% compared to the same quarter last year. As a group, analysts anticipate that Hello Group Inc.
will post 0.73 earnings per share for the current year. About Hello Group ( 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. Read More Five stocks we like better than Hello Group Russell 2000 Index, How Investors Use it For Profitable Trading TJX Stock: A Buying Opportunity Before the Holiday Rush 3 Best Fintech Stocks for a Portfolio Boost Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge Upcoming IPO Stock Lockup Period, Explained Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth Want 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 ). Receive News & Ratings for Hello Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hello Group and related companies with MarketBeat.
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