278,838 Shares in Hello Group Inc. Sponsored ADR $MOMO Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 278,838 shares of the information services provider’s stock, valued at approximately $2,069,000. Y Intercept Hong Kong Ltd owned approximately 0.23% of Hello Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings in shares of Hello Group by 7.2% during the first quarter. Goldman Sachs Group Inc. now owns 8,127,428 shares of the information services provider’s stock valued at $51,284,000 after purchasing an additional 546,048 shares in the last quarter. Acadian Asset Management LLC raised its position in Hello Group by 1.2% in the 2nd quarter. Acadian Asset Management LLC now owns 6,629,672 shares of the information services provider’s stock worth $55,926,000 after buying an additional 75,838 shares during the last quarter. LSV Asset Management lifted its stake in Hello Group by 0.5% during the 2nd quarter. LSV Asset Management now owns 2,766,395 shares of the information services provider’s stock valued at $23,348,000 after acquiring an additional 14,420 shares during the period. Norges Bank purchased a new stake in shares of Hello Group during the 2nd quarter valued at about $14,976,000. Finally, Man Group plc purchased a new stake in shares of Hello Group during the 2nd quarter valued at about $8,904,000. Institutional investors own 50.96% of the company’s stock.

Hello Group Trading Down 0.4%

Shares of MOMO stock opened at $6.96 on Thursday. Hello Group Inc. Sponsored ADR has a 12 month low of $5.12 and a 12 month high of $9.22. The stock has a market cap of $830.05 million, a P/E ratio of 8.39 and a beta of 0.32. The company has a 50 day simple moving average of $6.81 and a two-hundred day simple moving average of $7.37.

Hello Group (NASDAQ:MOMO) last posted its quarterly earnings data on Wednesday, December 10th. The information services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.22 by $0.11. The firm had revenue of $372.16 million during the quarter, compared to analyst estimates of $362.80 million. Hello Group had a return on equity of 10.07% and a net margin of 5.96%.Hello Group’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $2.70 EPS. As a group, equities analysts forecast that Hello Group Inc. Sponsored ADR will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MOMO shares. Jefferies Financial Group set a $8.10 price objective on shares of Hello Group in a report on Wednesday, December 10th. Zacks Research raised shares of Hello Group from a “strong sell” rating to a “hold” rating in a research report on Monday, December 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hello Group in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.55.

Hello Group Profile

Hello Group Inc (NASDAQ: MOMO) is a China-based technology company specializing in mobile social networking and interactive entertainment. Its flagship product, the Momo app, offers location-based social discovery services that enable users to find and connect with new friends based on shared interests and geographic proximity. The platform integrates instant messaging, group chat, and content-sharing features, while also providing premium subscriptions and in-app purchases such as virtual gifts and sticker packs.

In addition to Momo, Hello Group’s portfolio includes Tantan, a dating-focused social app designed to help users build meaningful relationships through profile matching and interest-driven swiping.