Signaturefd LLC Sells 1,756 Shares of Hello Group Inc. (NASDAQ:MOMO)

Signaturefd LLC lowered its position in shares of Hello Group Inc. (NASDAQ:MOMO) by 11.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,370 shares of the information services provider’s stock after selling 1,756 shares during the period. Signaturefd LLC’s holdings in Hello Group were worth $82,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MOMO. Goldman Sachs Group Inc. raised its stake in shares of Hello Group by 14.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,274,996 shares of the information services provider’s stock valued at $29,711,000 after acquiring an additional 555,602 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in Hello Group by 994.2% during the 1st quarter. Jupiter Asset Management Ltd. now owns 1,617,308 shares of the information services provider’s stock worth $10,043,000 after purchasing an additional 1,469,500 shares during the last quarter. Trexquant Investment LP lifted its holdings in Hello Group by 177.9% during the 4th quarter. Trexquant Investment LP now owns 286,566 shares of the information services provider’s stock worth $1,992,000 after buying an additional 183,430 shares during the period. Sei Investments Co. grew its position in shares of Hello Group by 26.3% in the 1st quarter. Sei Investments Co. now owns 448,013 shares of the information services provider’s stock valued at $2,782,000 after buying an additional 93,238 shares during the last quarter. Finally, LSV Asset Management grew its position in shares of Hello Group by 33.5% in the 1st quarter. LSV Asset Management now owns 2,277,629 shares of the information services provider’s stock valued at $14,144,000 after buying an additional 571,840 shares during the last quarter. Institutional investors and hedge funds own 50.96% of the company’s stock.

Hello Group Price Performance

Hello Group stock opened at $6.20 on Thursday. The stock has a market capitalization of $898.37 million, a price-to-earnings ratio of 5.64, a PEG ratio of 1.98 and a beta of 0.51. Hello Group Inc. has a 52-week low of $4.79 and a 52-week high of $8.45. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.36 and a current ratio of 2.36. The stock’s 50 day moving average price is $6.60 and its two-hundred day moving average price is $6.23.

Hello Group (NASDAQ:MOMO) last issued its earnings results on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $2.13. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.67 billion. Hello Group had a net margin of 13.38% and a return on equity of 13.61%. Hello Group’s revenue was down 14.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share. On average, equities analysts predict that Hello Group Inc. will post 0.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group lifted their price objective on Hello Group from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Tuesday. Benchmark dropped their price target on shares of Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday. Citigroup reduced their price objective on shares of Hello Group from $6.40 to $5.70 and set a “neutral” rating on the stock in a research note on Wednesday, May 29th. Morgan Stanley downgraded shares of Hello Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, May 15th. Finally, JPMorgan Chase & Co. cut shares of Hello Group from an “overweight” rating to a “neutral” rating and cut their price target for the company from $13.00 to $6.00 in a research report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Hello Group currently has a consensus rating of “Hold” and an average target price of $7.93.

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.