Hello Group Inc. Sponsored ADR $MOMO Stake Lessened by Signaturefd LLC

Signaturefd LLC lessened its holdings in Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) by 10.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,953 shares of the information services provider’s stock after selling 1,418 shares during the period. Signaturefd LLC’s holdings in Hello Group were worth $101,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE boosted its position in Hello Group by 3.9% during the 1st quarter. US Bancorp DE now owns 78,397 shares of the information services provider’s stock worth $495,000 after acquiring an additional 2,978 shares during the period. QRG Capital Management Inc. lifted its position in shares of Hello Group by 14.2% in the first quarter. QRG Capital Management Inc. now owns 24,959 shares of the information services provider’s stock worth $157,000 after purchasing an additional 3,098 shares in the last quarter. Vident Advisory LLC boosted its holdings in shares of Hello Group by 48.9% during the first quarter. Vident Advisory LLC now owns 23,525 shares of the information services provider’s stock worth $148,000 after purchasing an additional 7,722 shares during the period. Summit Securities Group LLC purchased a new position in Hello Group during the first quarter valued at approximately $56,000. Finally, Nomura Holdings Inc. acquired a new position in Hello Group in the 1st quarter valued at approximately $63,000. 50.96% of the stock is owned by institutional investors and hedge funds.

Hello Group Price Performance

Shares of MOMO stock opened at $7.47 on Friday. Hello Group Inc. Sponsored ADR has a one year low of $5.12 and a one year high of $9.22. The stock has a market cap of $900.06 million, a PE ratio of 8.39 and a beta of 0.23. The stock has a 50-day moving average of $7.94 and a 200-day moving average of $7.30.

Analysts Set New Price Targets

MOMO has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Hello Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Hello Group in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Hello Group presently has a consensus rating of “Hold” and a consensus target price of $10.00.

About Hello Group

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.