Quadrature Capital Ltd Acquires 19,909 Shares of Hello Group Inc. (NASDAQ:MOMO)

Quadrature Capital Ltd lifted its holdings in shares of Hello Group Inc. (NASDAQ:MOMO) by 40.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 69,492 shares of the information services provider’s stock after purchasing an additional 19,909 shares during the period. Quadrature Capital Ltd’s holdings in Hello Group were worth $528,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. BRIGHT VALLEY CAPITAL Ltd acquired a new position in Hello Group during the 2nd quarter worth about $22,553,000. Dimensional Fund Advisors LP raised its stake in shares of Hello Group by 20.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,716,809 shares of the information services provider’s stock worth $22,736,000 after acquiring an additional 633,746 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Hello Group by 472.1% during the third quarter. Blue Trust Inc. now owns 3,873 shares of the information services provider’s stock worth $29,000 after purchasing an additional 3,196 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Hello Group by 22.6% during the second quarter. American Century Companies Inc. now owns 721,760 shares of the information services provider’s stock valued at $4,417,000 after purchasing an additional 133,113 shares during the last quarter. Finally, Caxton Associates LP bought a new stake in shares of Hello Group during the second quarter valued at approximately $2,628,000. Institutional investors own 50.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Benchmark decreased their price objective on Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Jefferies Financial Group upped their price target on Hello Group from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. StockNews.com upgraded Hello Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Bank of America downgraded shares of Hello Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Hello Group currently has an average rating of “Hold” and a consensus price target of $7.93.

Hello Group Trading Up 2.3 %

NASDAQ MOMO opened at $6.77 on Monday. Hello Group Inc. has a 12 month low of $4.79 and a 12 month high of $8.19. The stock has a 50-day simple moving average of $6.98 and a 200 day simple moving average of $6.57. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $980.97 million, a PE ratio of 6.77, a P/E/G ratio of 2.04 and a beta of 0.51.

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.