Hello Group Inc. (NASDAQ:MOMO) Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its stake in Hello Group Inc. (NASDAQ:MOMOFree Report) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 589,372 shares of the information services provider’s stock after buying an additional 34,294 shares during the period. Allianz Asset Management GmbH owned approximately 0.31% of Hello Group worth $4,096,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MOMO. Aigen Investment Management LP grew its holdings in Hello Group by 37.0% during the 4th quarter. Aigen Investment Management LP now owns 56,094 shares of the information services provider’s stock valued at $390,000 after purchasing an additional 15,162 shares in the last quarter. Trexquant Investment LP increased its position in shares of Hello Group by 177.9% during the fourth quarter. Trexquant Investment LP now owns 286,566 shares of the information services provider’s stock worth $1,992,000 after acquiring an additional 183,430 shares during the last quarter. Panagora Asset Management Inc. acquired a new position in shares of Hello Group in the fourth quarter worth about $1,623,000. Quadrant Capital Group LLC boosted its holdings in Hello Group by 9.0% in the fourth quarter. Quadrant Capital Group LLC now owns 32,840 shares of the information services provider’s stock valued at $228,000 after purchasing an additional 2,712 shares during the last quarter. Finally, D Orazio & Associates Inc. acquired a new stake in Hello Group during the 4th quarter valued at approximately $79,000. Institutional investors and hedge funds own 50.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. cut Hello Group from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $13.00 to $6.00 in a research note on Monday. Citigroup decreased their price objective on shares of Hello Group from $6.40 to $5.70 and set a “neutral” rating for the company in a report on Wednesday, May 29th. Benchmark cut their target price on shares of Hello Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, May 29th. Morgan Stanley downgraded Hello Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, May 15th. Finally, StockNews.com cut Hello Group from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.90.

Read Our Latest Report on MOMO

Hello Group Price Performance

Shares of NASDAQ:MOMO opened at $5.46 on Friday. The company’s fifty day moving average is $5.83 and its two-hundred day moving average is $6.28. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.36 and a current ratio of 2.36. Hello Group Inc. has a 1-year low of $4.79 and a 1-year high of $11.12. The stock has a market capitalization of $791.15 million, a price-to-earnings ratio of 4.96, a price-to-earnings-growth ratio of 1.21 and a beta of 0.59.

Hello Group (NASDAQ:MOMOGet Free Report) last released its quarterly earnings data on Tuesday, May 28th. The information services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.48 billion. Hello Group had a net margin of 13.38% and a return on equity of 13.61%. Hello Group’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. Equities analysts anticipate that Hello Group Inc. will post 0.98 EPS for the current year.

Hello Group Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 12th were paid a dividend of $0.52 per share. The ex-dividend date was Thursday, April 11th. This represents a yield of 8.97%.

Hello Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hello Group (NASDAQ:MOMO)

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