Headlands Technologies LLC Has $158,000 Holdings in Hello Group Inc. (NASDAQ:MOMO)

Headlands Technologies LLC cut its position in shares of Hello Group Inc. (NASDAQ:MOMO) by 19.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,526 shares of the information services provider’s stock after selling 5,017 shares during the period. Headlands Technologies LLC’s holdings in Hello Group were worth $158,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MOMO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Hello Group by 105.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,030 shares of the information services provider’s stock valued at $160,000 after buying an additional 10,818 shares in the last quarter. Quadrature Capital Ltd raised its position in Hello Group by 40.2% in the third quarter. Quadrature Capital Ltd now owns 69,492 shares of the information services provider’s stock worth $528,000 after purchasing an additional 19,909 shares in the last quarter. XTX Topco Ltd lifted its stake in Hello Group by 95.1% during the third quarter. XTX Topco Ltd now owns 52,720 shares of the information services provider’s stock worth $401,000 after purchasing an additional 25,700 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Hello Group during the third quarter valued at approximately $1,013,000. Finally, Tidal Investments LLC bought a new stake in shares of Hello Group in the 3rd quarter valued at approximately $138,000. 50.96% of the stock is currently owned by institutional investors and hedge funds.

Hello Group Stock Down 4.4 %

MOMO stock opened at $5.84 on Friday. Hello Group Inc. has a twelve month low of $4.79 and a twelve month high of $8.38. The company has a market cap of $846.21 million, a P/E ratio of 6.02, a PEG ratio of 2.07 and a beta of 0.44. The business has a fifty day moving average of $7.20 and a 200-day moving average of $7.12.

Hello Group Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, April 11th. This represents a yield of 4.18%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MOMO shares. 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 cut 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 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.25.

Hello Group Company 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.