Mercer Global Advisors Inc. ADV Has $110,000 Stock Position in Hello Group Inc. (NASDAQ:MOMO)

Mercer Global Advisors Inc. ADV lowered its position in Hello Group Inc. (NASDAQ:MOMO) by 8.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,914 shares of the information services provider’s stock after selling 1,567 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Hello Group were worth $110,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Acadian Asset Management LLC lifted its stake in Hello Group by 26.4% in the first quarter. Acadian Asset Management LLC now owns 7,377,789 shares of the information services provider’s stock valued at $45,781,000 after buying an additional 1,538,632 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Hello Group by 14.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,274,996 shares of the information services provider’s stock worth $29,711,000 after buying an additional 555,602 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hello Group by 20.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,716,809 shares of the information services provider’s stock worth $22,736,000 after purchasing an additional 633,746 shares during the period. LSV Asset Management increased its stake in shares of Hello Group by 33.5% in the first quarter. LSV Asset Management now owns 2,277,629 shares of the information services provider’s stock valued at $14,144,000 after buying an additional 571,840 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its position in Hello Group by 994.2% during the first quarter. Jupiter Asset Management Ltd. now owns 1,617,308 shares of the information services provider’s stock valued at $10,043,000 after acquiring an additional 1,469,500 shares during the last quarter. 50.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MOMO has been the topic of a number of recent research reports. Jefferies Financial Group raised their target price on Hello Group from $6.50 to $7.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. 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 report on Wednesday, September 4th. Finally, StockNews.com raised Hello Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.93.

Hello Group Stock Up 3.3 %

MOMO stock opened at $7.86 on Wednesday. Hello Group Inc. has a fifty-two week low of $4.79 and a fifty-two week high of $7.88. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 7.15, a P/E/G ratio of 1.99 and a beta of 0.53. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.55 and a current ratio of 2.55. The business’s 50-day moving average is $6.67 and its two-hundred day moving average is $6.21.

Hello Group (NASDAQ:MOMO) last posted 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 return on equity of 12.09% and a net margin of 12.40%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the previous year, the business earned $0.39 earnings per share. The firm’s revenue for the quarter was down 14.2% on a year-over-year basis. As a group, analysts forecast that Hello Group Inc. will post 0.73 earnings per share for the current year.

Hello Group Company Profile

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.