Hello Group Inc. Sponsored ADR $MOMO Shares Bought by LSV Asset Management

LSV Asset Management lifted its stake in shares of Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) by 6.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,939,819 shares of the information services provider’s stock after purchasing an additional 173,424 shares during the quarter. LSV Asset Management owned about 2.47% of Hello Group worth $21,813,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Loomis Sayles & Co. L P raised its position in shares of Hello Group by 322.1% during the 2nd quarter. Loomis Sayles & Co. L P now owns 5,390 shares of the information services provider’s stock worth $45,000 after buying an additional 4,113 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Hello Group during the second quarter valued at approximately $41,000. Vanguard Personalized Indexing Management LLC raised its holdings in Hello Group by 45.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,375 shares of the information services provider’s stock worth $189,000 after purchasing an additional 7,021 shares in the last quarter. Legal & General Group Plc lifted its position in Hello Group by 31.7% in the second quarter. Legal & General Group Plc now owns 39,861 shares of the information services provider’s stock worth $336,000 after purchasing an additional 9,597 shares during the period. Finally, Geode Capital Management LLC lifted its position in Hello Group by 4.1% in the second quarter. Geode Capital Management LLC now owns 279,901 shares of the information services provider’s stock worth $2,362,000 after purchasing an additional 10,944 shares during the period. Institutional investors own 50.96% of the company’s stock.

Hello Group Stock Down 0.8%

Shares of Hello Group stock opened at $6.48 on Friday. Hello Group Inc. Sponsored ADR has a 12-month low of $5.12 and a 12-month high of $9.22. The firm has a market capitalization of $772.80 million, a PE ratio of 7.81 and a beta of 0.34. The stock’s fifty day moving average is $6.71 and its 200-day moving average is $7.20.

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

Analysts Set New Price Targets

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

About Hello Group

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.