UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 10,818 Shares of Hello Group Inc. (NASDAQ:MOMO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Hello Group Inc. (NASDAQ:MOMO) by 51.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,212 shares of the information services provider’s stock after selling 10,818 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Hello Group were worth $79,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in Hello Group in the fourth quarter worth approximately $35,000. Hsbc Holdings PLC purchased a new stake in shares of Hello Group in the 4th quarter worth $79,000. Vident Advisory LLC grew its position in shares of Hello Group by 34.0% during the 4th quarter. Vident Advisory LLC now owns 15,803 shares of the information services provider’s stock worth $122,000 after buying an additional 4,009 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Hello Group during the 4th quarter worth $148,000. Finally, Vontobel Holding Ltd. purchased a new position in shares of Hello Group during the fourth quarter valued at $158,000. 50.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MOMO shares. Wall Street Zen raised shares of Hello Group from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Benchmark reissued a “buy” rating and set a $13.00 target price on shares of Hello Group in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.00.

Hello Group Trading Up 0.2%

Shares of NASDAQ:MOMO opened at $8.34 on Friday. The company has a market capitalization of $1.00 billion, a PE ratio of 8.60, a P/E/G ratio of 2.07 and a beta of 0.31. Hello Group Inc. has a 12-month low of $5.12 and a 12-month high of $8.43. The business’s fifty day simple moving average is $6.10 and its 200-day simple moving average is $6.80.

Hello Group 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.