Hello Group Inc. (NASDAQ:MOMO) Position Boosted by LSV Asset Management

LSV Asset Management increased its holdings in Hello Group Inc. (NASDAQ:MOMO) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,705,789 shares of the information services provider’s stock after buying an additional 118,920 shares during the quarter. LSV Asset Management owned about 0.90% of Hello Group worth $11,855,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MOMO. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Hello Group by 31,280.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,305 shares of the information services provider’s stock worth $302,000 after buying an additional 43,167 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Hello Group by 4.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,317 shares of the information services provider’s stock worth $714,000 after purchasing an additional 4,631 shares during the period. Jacob Asset Management of New York LLC lifted its position in Hello Group by 22.9% in the third quarter. Jacob Asset Management of New York LLC now owns 151,145 shares of the information services provider’s stock worth $1,055,000 after purchasing an additional 28,145 shares during the period. Banque Pictet & Cie SA acquired a new stake in Hello Group in the third quarter worth approximately $144,000. Finally, Principal Financial Group Inc. lifted its position in Hello Group by 5.6% in the third quarter. Principal Financial Group Inc. now owns 79,070 shares of the information services provider’s stock worth $552,000 after purchasing an additional 4,199 shares during the period. 50.96% of the stock is owned by institutional investors.

Hello Group Price Performance

Shares of NASDAQ:MOMO opened at $6.08 on Wednesday. The company’s fifty day moving average is $6.14 and its two-hundred day moving average is $6.47. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 0.16. Hello Group Inc. has a 12-month low of $5.30 and a 12-month high of $11.12. The company has a market cap of $880.99 million, a P/E ratio of 4.41 and a beta of 0.67.

Hello Group (NASDAQ:MOMO) last announced its earnings results on Thursday, March 14th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). Hello Group had a net margin of 16.27% and a return on equity of 17.23%. The firm had revenue of $422.95 million for the quarter, compared to analyst estimates of $447.28 million. Equities analysts expect that Hello Group Inc. will post 1.46 earnings per share for the current fiscal year.

Hello Group Cuts Dividend

The company also recently declared an annual dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 12th were issued a dividend of $0.52 per share. This represents a yield of 8.97%. The ex-dividend date of this dividend was Thursday, April 11th.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MOMO. StockNews.com downgraded Hello Group from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Benchmark cut their price objective on Hello Group from $22.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, March 15th.

About Hello Group

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.