Hello Group Inc. Sponsored ADR $MOMO Holdings Lifted by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) by 58.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 394,455 shares of the information services provider’s stock after purchasing an additional 145,362 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.33% of Hello Group worth $2,927,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in MOMO. Goldman Sachs Group Inc. boosted its holdings in Hello Group by 7.2% during the first quarter. Goldman Sachs Group Inc. now owns 8,127,428 shares of the information services provider’s stock worth $51,284,000 after buying an additional 546,048 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Hello Group by 13.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 291,465 shares of the information services provider’s stock worth $2,460,000 after acquiring an additional 34,550 shares in the last quarter. US Bancorp DE grew its holdings in shares of Hello Group by 16.0% in the 2nd quarter. US Bancorp DE now owns 90,945 shares of the information services provider’s stock worth $768,000 after acquiring an additional 12,548 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised 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 worth $189,000 after purchasing an additional 7,021 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Hello Group during the second quarter valued at $153,000. 50.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Jefferies Financial Group set a $8.10 price target on Hello Group in a research report on Wednesday, December 10th. Zacks Research upgraded shares of Hello Group from a “strong sell” rating to a “hold” rating in a report on Monday, December 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hello Group in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.55.

Hello Group Price Performance

NASDAQ MOMO opened at $6.82 on Friday. Hello Group Inc. Sponsored ADR has a 52-week low of $5.12 and a 52-week high of $9.22. The firm has a market capitalization of $813.35 million, a price-to-earnings ratio of 8.22 and a beta of 0.32. The company has a 50 day simple moving average of $6.80 and a 200-day simple moving average of $7.35.

Hello Group (NASDAQ:MOMO) last posted its quarterly earnings results on Wednesday, December 10th. The information services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The business had revenue of $372.16 million for the quarter, compared to the consensus estimate of $362.80 million. Hello Group had a net margin of 5.96% and a return on equity of 10.07%. Hello Group’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.70 earnings per share. On average, analysts predict that Hello Group Inc. Sponsored ADR will post 0.73 EPS for the current year.

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.