Northern Trust Corp Has $3.01 Million Stock Holdings in Hello Group Inc. (NASDAQ:MOMO)

Northern Trust Corp raised its stake in Hello Group Inc. (NASDAQ:MOMO) by 53.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 390,686 shares of the information services provider’s stock after buying an additional 135,879 shares during the quarter. Northern Trust Corp owned 0.27% of Hello Group worth $3,012,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Hello Group during the 4th quarter worth $10,765,000. American Century Companies Inc. increased its stake in shares of Hello Group by 4.7% during the 4th quarter. American Century Companies Inc. now owns 912,611 shares of the information services provider’s stock worth $7,036,000 after purchasing an additional 40,620 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of Hello Group during the 4th quarter worth $1,789,000. Jump Financial LLC acquired a new position in shares of Hello Group during the 4th quarter worth $1,124,000. Finally, LPL Financial LLC increased its stake in shares of Hello Group by 813.1% during the 4th quarter. LPL Financial LLC now owns 101,277 shares of the information services provider’s stock worth $781,000 after purchasing an additional 90,186 shares during the last quarter. Institutional investors and hedge funds own 50.96% of the company’s stock.

Hello Group Stock Performance

NASDAQ MOMO opened at $6.08 on Friday. The company has a fifty day simple moving average of $5.95 and a 200 day simple moving average of $6.78. The company has a market cap of $732.56 million, a P/E ratio of 6.27, a P/E/G ratio of 2.07 and a beta of 0.24. Hello Group Inc. has a 1 year low of $4.79 and a 1 year high of $8.38.

Hello Group Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were issued a dividend of $0.30 per share. This represents a dividend yield of 4.18%. The ex-dividend date was Friday, April 11th.

Wall Street Analyst Weigh In

MOMO has been the topic of several analyst reports. Benchmark restated a “buy” rating and set a $13.00 price target on shares of Hello Group in a research note on Thursday, March 13th. Wall Street Zen lowered shares of Hello Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.25.

Hello Group Company Profile

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.