Hello Group Inc. (NASDAQ:MOMO) Shares Sold by River & Mercantile Asset Management LLP

River & Mercantile Asset Management LLP lowered its position in shares of Hello Group Inc. (NASDAQ:MOMOGet Rating) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 148,907 shares of the information services provider’s stock after selling 10,320 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Hello Group were worth $688,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. BNP Paribas Arbitrage SNC acquired a new stake in Hello Group during the third quarter worth approximately $2,488,000. Mercer Global Advisors Inc. ADV boosted its position in Hello Group by 18.0% during the third quarter. Mercer Global Advisors Inc. ADV now owns 35,132 shares of the information services provider’s stock worth $162,000 after acquiring an additional 5,370 shares during the last quarter. Two Sigma Advisers LP boosted its position in Hello Group by 17.6% during the third quarter. Two Sigma Advisers LP now owns 202,900 shares of the information services provider’s stock worth $937,000 after acquiring an additional 30,400 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Hello Group by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,542,924 shares of the information services provider’s stock valued at $25,609,000 after purchasing an additional 61,138 shares during the last quarter. Finally, Prelude Capital Management LLC acquired a new position in shares of Hello Group in the 3rd quarter valued at $63,000. Institutional investors and hedge funds own 60.15% of the company’s stock.

Hello Group Trading Down 8.2 %

Shares of MOMO stock opened at $7.71 on Friday. The company’s fifty day simple moving average is $9.78 and its 200-day simple moving average is $7.21. Hello Group Inc. has a 52 week low of $4.09 and a 52 week high of $11.54. The company has a market cap of $1.22 billion, a PE ratio of -2.99 and a beta of 0.87.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MOMO shares. StockNews.com started coverage on shares of Hello Group in a report on Thursday. They issued a “buy” rating on the stock. Morgan Stanley lowered shares of Hello Group from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $9.00 to $12.00 in a report on Thursday, February 16th. Finally, Citigroup lifted their price target on shares of Hello Group from $5.80 to $7.00 in a report on Friday, December 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Hello Group Company Profile

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Hello Group, Inc operates as a mobile-based social networking platform. It operates under the following segments: Momo’s service lines, Tantan’s service lines, and QOOL’s service line. The company was founded by Yan Tang, Yong Li, Xiao Liang Lei and Zhiwei Li in July 2011 and is headquartered in Beijing, China.

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Institutional Ownership by Quarter for Hello Group (NASDAQ:MOMO)

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