Mitsubishi UFJ Trust & Banking Corp Has $1.17 Million Stock Holdings in Hello Group Inc. (NASDAQ:MOMO)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of Hello Group Inc. (NASDAQ:MOMO) by 24.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 151,849 shares of the information services provider’s stock after selling 48,449 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.10% of Hello Group worth $1,171,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Hello Group during the fourth quarter worth $35,000. Blue Trust Inc. lifted its position in shares of Hello Group by 62.3% during the 4th quarter. Blue Trust Inc. now owns 6,287 shares of the information services provider’s stock worth $48,000 after buying an additional 2,414 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in Hello Group by 30.1% in the fourth quarter. Kathmere Capital Management LLC now owns 14,717 shares of the information services provider’s stock valued at $113,000 after buying an additional 3,407 shares in the last quarter. Tidal Investments LLC bought a new position in Hello Group in the third quarter valued at about $138,000. Finally, Quantbot Technologies LP acquired a new position in Hello Group during the fourth quarter worth about $148,000. Institutional investors own 50.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MOMO. Citigroup lifted their price target on shares of Hello Group from $5.90 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. StockNews.com downgraded shares of Hello Group from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Benchmark reissued a “buy” rating and set a $13.00 price objective on shares of Hello Group in a report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $8.25.

Hello Group Stock Performance

Shares of NASDAQ:MOMO opened at $6.27 on Wednesday. The firm has a market cap of $908.52 million, a PE ratio of 6.46, a price-to-earnings-growth ratio of 2.07 and a beta of 0.44. Hello Group Inc. has a 52 week low of $4.79 and a 52 week high of $8.38. The firm’s fifty day moving average is $7.27 and its 200-day moving average is $7.13.

Hello Group Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be paid a $0.30 dividend. The ex-dividend date is Friday, April 11th. This represents a dividend yield of 4.18%.

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.