SG Americas Securities LLC Makes New $124,000 Investment in Hello Group Inc. (NASDAQ:MOMO)

SG Americas Securities LLC bought a new position in shares of Hello Group Inc. (NASDAQ:MOMO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,819 shares of the information services provider’s stock, valued at approximately $124,000.

Several other large investors also recently bought and sold shares of MOMO. Bank of America Corp DE grew its position in Hello Group by 411.7% during the 1st quarter. Bank of America Corp DE now owns 3,547,945 shares of the information services provider’s stock worth $32,286,000 after purchasing an additional 2,854,557 shares during the last quarter. BlackRock Inc. grew its position in Hello Group by 25.7% during the 1st quarter. BlackRock Inc. now owns 10,989,045 shares of the information services provider’s stock worth $63,517,000 after purchasing an additional 2,245,152 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Hello Group by 269.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,029,853 shares of the information services provider’s stock worth $11,733,000 after purchasing an additional 1,480,329 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Hello Group by 34.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,344,488 shares of the information services provider’s stock worth $30,891,000 after purchasing an additional 1,360,406 shares during the last quarter. Finally, Norges Bank acquired a new stake in Hello Group during the 4th quarter valued at approximately $12,092,000. Hedge funds and other institutional investors own 50.96% of the company’s stock.

Hello Group Stock Performance

Shares of NASDAQ MOMO opened at $5.52 on Thursday. The company has a current ratio of 3.74, a quick ratio of 3.72 and a debt-to-equity ratio of 0.16. Hello Group Inc. has a 12 month low of $5.30 and a 12 month high of $11.12. The company has a 50 day simple moving average of $6.28 and a two-hundred day simple moving average of $6.59. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 4.00 and a beta of 0.68.

Hello Group (NASDAQ:MOMO) last posted its earnings results on Thursday, March 14th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). Hello Group had a net margin of 16.27% and a return on equity of 17.23%. The firm had revenue of $422.95 million during the quarter, compared to analyst estimates of $447.28 million. As a group, analysts predict that Hello Group Inc. will post 1.46 earnings per share for the current year.

Hello Group Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 12th will be paid a $0.52 dividend. This represents a dividend yield of 8.97%. The ex-dividend date of this dividend is Thursday, April 11th.

Analyst Upgrades and Downgrades

Several analysts have commented on MOMO shares. Benchmark decreased their price objective on shares of Hello Group from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, March 15th. StockNews.com cut shares of Hello Group from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Hello Group has an average rating of “Moderate Buy” and a consensus price target of $14.25.

Hello Group Profile

Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. 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.