LSV Asset Management Boosts Stake in Hello Group Inc. Sponsored ADR $MOMO

LSV Asset Management boosted its stake in Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) by 21.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,565,971 shares of the information services provider’s stock after acquiring an additional 626,152 shares during the period. LSV Asset Management’s holdings in Hello Group were worth $23,357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Hello Group in the 2nd quarter valued at approximately $41,000. Quarry LP purchased a new stake in Hello Group in the 3rd quarter valued at approximately $65,000. Boothbay Fund Management LLC purchased a new stake in Hello Group in the 3rd quarter valued at approximately $88,000. Bayesian Capital Management LP purchased a new position in shares of Hello Group during the 2nd quarter worth $126,000. Finally, Nomura Holdings Inc. purchased a new position in shares of Hello Group during the 3rd quarter worth $161,000. Hedge funds and other institutional investors own 50.96% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Hello Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $8.10.

Hello Group Price Performance

Shares of Hello Group stock opened at $5.90 on Monday. Hello Group Inc. Sponsored ADR has a fifty-two week low of $5.68 and a fifty-two week high of $9.22. The firm has a market cap of $634.66 million, a PE ratio of 8.81 and a beta of 0.48. The business’s fifty day moving average is $6.09 and its two-hundred day moving average is $6.49.

Hello Group Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were paid a dividend of $0.28 per share. This represents a dividend yield of 475.0%. The ex-dividend date of this dividend was Friday, April 10th.

Hello Group Company Profile

Hello Group Inc (NASDAQ: MOMO) is a China-based technology company specializing in mobile social networking and interactive entertainment. Its flagship product, the Momo app, offers location-based social discovery services that enable users to find and connect with new friends based on shared interests and geographic proximity. The platform integrates instant messaging, group chat, and content-sharing features, while also providing premium subscriptions and in-app purchases such as virtual gifts and sticker packs.

In addition to Momo, Hello Group’s portfolio includes Tantan, a dating-focused social app designed to help users build meaningful relationships through profile matching and interest-driven swiping.