Campbell & CO Investment Adviser LLC Makes New $230,000 Investment in Hello Group Inc. Sponsored ADR $MOMO

Campbell & CO Investment Adviser LLC bought a new position in Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 27,249 shares of the information services provider’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Summit Securities Group LLC purchased a new stake in Hello Group in the first quarter worth about $56,000. Nomura Holdings Inc. purchased a new position in shares of Hello Group in the 1st quarter valued at approximately $63,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Hello Group in the 2nd quarter valued at approximately $85,000. Aigen Investment Management LP bought a new stake in shares of Hello Group during the first quarter valued at approximately $85,000. Finally, Fox Run Management L.L.C. purchased a new stake in Hello Group in the second quarter worth $153,000. Hedge funds and other institutional investors own 50.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on MOMO. Zacks Research lowered Hello Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Hello Group in a research report on Tuesday, November 11th. Finally, Wall Street Zen cut shares of Hello Group from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Hello Group presently has a consensus rating of “Hold” and a consensus price target of $10.00.

Hello Group Price Performance

Shares of Hello Group stock opened at $6.84 on Tuesday. Hello Group Inc. Sponsored ADR has a 1 year low of $5.12 and a 1 year high of $9.22. The firm’s 50-day moving average is $7.15 and its 200 day moving average is $7.55. The stock has a market cap of $815.74 million, a price-to-earnings ratio of 7.69 and a beta of 0.25.

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.