XTX Topco Ltd Makes New $165,000 Investment in Hello Group Inc. (NASDAQ:MOMO)

XTX Topco Ltd bought a new position in shares of Hello Group Inc. (NASDAQ:MOMO) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,020 shares of the information services provider’s stock, valued at approximately $165,000.

Several other hedge funds have also modified their holdings of MOMO. Acadian Asset Management LLC grew its holdings in Hello Group by 26.4% during the first quarter. Acadian Asset Management LLC now owns 7,377,789 shares of the information services provider’s stock worth $45,781,000 after acquiring an additional 1,538,632 shares during the period. Jupiter Asset Management Ltd. grew its stake in shares of Hello Group by 994.2% during the 1st quarter. Jupiter Asset Management Ltd. now owns 1,617,308 shares of the information services provider’s stock worth $10,043,000 after purchasing an additional 1,469,500 shares during the period. Polunin Capital Partners Ltd acquired a new position in shares of Hello Group during the 2nd quarter worth $4,566,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Hello Group by 188.3% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,001,600 shares of the information services provider’s stock valued at $6,961,000 after purchasing an additional 654,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Hello Group by 20.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,716,809 shares of the information services provider’s stock valued at $22,736,000 after purchasing an additional 633,746 shares during the period. 50.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MOMO has been the topic of several recent analyst reports. Benchmark lowered their target price on shares of Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Jefferies Financial Group upped their price target on Hello Group from $6.50 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. cut Hello Group from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $13.00 to $6.00 in a report on Monday, June 3rd. Finally, StockNews.com raised Hello Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7.93.

Hello Group Trading Up 2.7 %

Shares of MOMO opened at $7.61 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.55 and a quick ratio of 2.55. Hello Group Inc. has a 1-year low of $4.79 and a 1-year high of $7.88. The stock has a market cap 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. The firm has a 50 day simple moving average of $6.67 and a 200-day simple moving average of $6.21.

Hello Group (NASDAQ:MOMO) last released its quarterly earnings results on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share for the quarter, topping the consensus estimate of $0.25 by $2.13. Hello Group had a return on equity of 12.09% and a net margin of 12.40%. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the business posted $0.39 earnings per share. Hello Group’s revenue was down 14.2% compared to the same quarter last year. Equities analysts forecast that Hello Group Inc. will post 0.73 EPS for the current fiscal year.

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.