GSA Capital Partners LLP Grows Stock Holdings in Hello Group Inc. Sponsored ADR $MOMO

GSA Capital Partners LLP increased its stake in Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) by 129.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 400,263 shares of the information services provider’s stock after buying an additional 226,127 shares during the period. Hello Group comprises 0.2% of GSA Capital Partners LLP’s holdings, making the stock its 24th largest position. GSA Capital Partners LLP’s holdings in Hello Group were worth $2,970,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its holdings in shares of Hello Group by 7.2% in 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 acquiring an additional 546,048 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Hello Group by 45.7% in the 2nd 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. Fox Run Management L.L.C. purchased a new position in shares of Hello Group in the second quarter worth approximately $153,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Hello Group by 201.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 571,569 shares of the information services provider’s stock valued at $4,824,000 after buying an additional 381,993 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Hello Group during the second quarter valued at approximately $230,000. Institutional investors own 50.96% of the company’s stock.

Analysts Set New Price Targets

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

Hello Group Stock Performance

MOMO stock opened at $6.48 on Tuesday. The firm has a fifty day moving average price of $6.70 and a 200 day moving average price of $7.17. Hello Group Inc. Sponsored ADR has a fifty-two week low of $5.12 and a fifty-two week high of $9.22. The firm has a market cap of $772.80 million, a PE ratio of 7.81 and a beta of 0.34.

Hello Group (NASDAQ:MOMO) last announced its quarterly earnings results on Wednesday, December 10th. The information services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. Hello Group had a net margin of 5.96% and a return on equity of 10.07%. The firm had revenue of $372.16 million during the quarter, compared to the consensus estimate of $362.80 million. During the same quarter last year, the firm earned $2.70 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities 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.