Y Intercept Hong Kong Ltd Takes Position in Hello Group Inc. Sponsored ADR $MOMO

Y Intercept Hong Kong Ltd bought a new position in shares of Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) in the third quarter, HoldingsChannel reports. The firm bought 278,838 shares of the information services provider’s stock, valued at approximately $2,069,000.

Several other institutional investors also recently bought and sold shares of MOMO. Loomis Sayles & Co. L P increased its holdings in Hello Group by 322.1% in the 2nd quarter. Loomis Sayles & Co. L P now owns 5,390 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 4,113 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Hello Group during the second quarter valued at about $41,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Hello Group by 45.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,375 shares of the information services provider’s stock valued at $189,000 after purchasing an additional 7,021 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Hello Group by 31.7% in the second quarter. Legal & General Group Plc now owns 39,861 shares of the information services provider’s stock worth $336,000 after purchasing an additional 9,597 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Hello Group by 4.1% in the second quarter. Geode Capital Management LLC now owns 279,901 shares of the information services provider’s stock worth $2,362,000 after buying an additional 10,944 shares in the last quarter. 50.96% of the stock is owned by hedge funds and other institutional investors.

Hello Group Price Performance

Shares of NASDAQ MOMO opened at $6.96 on Thursday. Hello Group Inc. Sponsored ADR has a 1-year low of $5.12 and a 1-year high of $9.22. The business’s 50 day moving average is $6.81 and its two-hundred day moving average is $7.37. The stock has a market capitalization of $830.05 million, a P/E ratio of 8.39 and a beta of 0.32.

Hello Group (NASDAQ:MOMO) last announced its earnings results on Wednesday, December 10th. The information services provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. Hello Group had a return on equity of 10.07% and a net margin of 5.96%.The firm had revenue of $372.16 million during the quarter, compared to analysts’ expectations of $362.80 million. During the same quarter in the previous year, the business earned $2.70 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis. As a group, equities research analysts anticipate that Hello Group Inc. Sponsored ADR will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on MOMO. Jefferies Financial Group set a $8.10 price target on Hello Group in a report on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hello Group in a research report on Monday, December 22nd. Finally, Zacks Research raised shares of Hello Group from a “strong sell” rating to a “hold” rating in a report on Monday, December 15th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.55.

Hello Group Company Profile

Hello Group Inc (NASDAQ: MOMO) is a China-based technology company specializing in mobile social networking and interactive entertainment. Its flagship product, the Momo app, offers location-based social discovery services that enable users to find and connect with new friends based on shared interests and geographic proximity. The platform integrates instant messaging, group chat, and content-sharing features, while also providing premium subscriptions and in-app purchases such as virtual gifts and sticker packs.

In addition to Momo, Hello Group’s portfolio includes Tantan, a dating-focused social app designed to help users build meaningful relationships through profile matching and interest-driven swiping.