19,221 Shares in Hello Group Inc. (NASDAQ:MOMO) Acquired by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in shares of Hello Group Inc. (NASDAQ:MOMO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 19,221 shares of the information services provider’s stock, valued at approximately $148,000.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of Hello Group in the 4th quarter valued at $35,000. Blue Trust Inc. increased its holdings in Hello Group by 62.3% in the 4th quarter. Blue Trust Inc. now owns 6,287 shares of the information services provider’s stock valued at $48,000 after purchasing an additional 2,414 shares in the last quarter. Kathmere Capital Management LLC raised its position in Hello Group by 30.1% in the fourth quarter. Kathmere Capital Management LLC now owns 14,717 shares of the information services provider’s stock valued at $113,000 after purchasing an additional 3,407 shares during the period. Tidal Investments LLC acquired a new position in shares of Hello Group during the third quarter worth about $138,000. Finally, Vontobel Holding Ltd. purchased a new stake in shares of Hello Group in the fourth quarter worth about $158,000. 50.96% of the stock is currently owned by hedge funds and other institutional investors.

Hello Group Trading Down 4.0 %

MOMO stock opened at $6.32 on Monday. The firm has a 50 day simple moving average of $7.31 and a 200-day simple moving average of $7.13. The company has a market capitalization of $915.76 million, a P/E ratio of 6.52, a PEG ratio of 2.07 and a beta of 0.44. Hello Group Inc. has a twelve month low of $4.79 and a twelve month high of $8.38.

Hello Group Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.30 per share. This represents a yield of 4.18%. The ex-dividend date is Friday, April 11th.

Analysts Set New Price Targets

Several equities analysts recently commented on MOMO shares. Benchmark reissued a “buy” rating and set a $13.00 price target on shares of Hello Group in a research report on Thursday, March 13th. Citigroup raised their price target on shares of Hello Group from $5.90 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Hello Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hello Group presently has a consensus rating of “Hold” and an average price target of $8.25.

About Hello Group

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.