Nuveen LLC Buys Shares of 125,600 Hello Group Inc. Sponsored ADR $MOMO

Nuveen LLC bought a new stake in Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 125,600 shares of the information services provider’s stock, valued at approximately $793,000. Nuveen LLC owned 0.10% of Hello Group as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hsbc Holdings PLC purchased a new stake in shares of Hello Group in the 4th quarter valued at $79,000. Aigen Investment Management LP purchased a new stake in shares of Hello Group in the 1st quarter valued at $85,000. Vident Advisory LLC raised its holdings in shares of Hello Group by 34.0% in the 4th quarter. Vident Advisory LLC now owns 15,803 shares of the information services provider’s stock valued at $122,000 after buying an additional 4,009 shares during the period. QRG Capital Management Inc. raised its holdings in shares of Hello Group by 14.2% in the 1st quarter. QRG Capital Management Inc. now owns 24,959 shares of the information services provider’s stock valued at $157,000 after buying an additional 3,098 shares during the period. Finally, Mackenzie Financial Corp purchased a new stake in shares of Hello Group in the 1st quarter valued at $159,000. Hedge funds and other institutional investors own 50.96% of the company’s stock.

Hello Group Stock Down 0.1%

Shares of NASDAQ MOMO opened at $8.29 on Wednesday. The stock has a market cap of $998.86 million, a PE ratio of 6.38 and a beta of 0.38. Hello Group Inc. Sponsored ADR has a 52-week low of $5.12 and a 52-week high of $9.22. The business has a 50-day moving average price of $8.40 and a 200 day moving average price of $7.27.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Hello Group from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Hello Group presently has an average rating of “Hold” and a consensus price target of $10.00.

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.