Harbour Capital Advisors LLC Has $647,000 Stock Holdings in Hello Group Inc. (NASDAQ:MOMO)

Harbour Capital Advisors LLC grew its position in shares of Hello Group Inc. (NASDAQ:MOMO) by 86.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,085 shares of the information services provider’s stock after acquiring an additional 41,875 shares during the quarter. Harbour Capital Advisors LLC owned 0.06% of Hello Group worth $647,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in Hello Group by 22.6% in the 2nd quarter. American Century Companies Inc. now owns 721,760 shares of the information services provider’s stock valued at $4,417,000 after buying an additional 133,113 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Hello Group by 20.6% during 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 in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Hello Group during the second quarter valued at approximately $87,000. XTX Topco Ltd bought a new position in Hello Group in the second quarter valued at approximately $165,000. Finally, Caxton Associates LP acquired a new position in shares of Hello Group during the 2nd quarter worth approximately $2,628,000. Institutional investors and hedge funds own 50.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Hello Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Citigroup upped their price objective on Hello Group from $5.90 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Bank of America cut Hello Group from a “buy” rating to an “underperform” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8.25.

Hello Group Price Performance

MOMO stock traded up $0.04 during trading on Monday, reaching $6.74. 586,673 shares of the company were exchanged, compared to its average volume of 829,298. Hello Group Inc. has a twelve month low of $4.79 and a twelve month high of $8.19. The company has a market capitalization of $976.62 million, a price-to-earnings ratio of 6.95, a P/E/G ratio of 2.40 and a beta of 0.48. The company has a 50-day moving average of $7.06 and a two-hundred day moving average of $6.86.

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.