UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Holdings in Hello Group Inc. (NASDAQ:MOMO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Hello Group Inc. (NASDAQ:MOMO) by 51.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,212 shares of the information services provider’s stock after selling 10,818 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Hello Group were worth $79,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vontobel Holding Ltd. acquired a new position in shares of Hello Group during the fourth quarter valued at about $158,000. QRG Capital Management Inc. grew its position in Hello Group by 8.4% during the 4th quarter. QRG Capital Management Inc. now owns 21,861 shares of the information services provider’s stock worth $169,000 after purchasing an additional 1,690 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Hello Group during the 4th quarter valued at approximately $35,000. Quantbot Technologies LP acquired a new position in Hello Group during the 4th quarter valued at approximately $148,000. Finally, American Century Companies Inc. raised its holdings in shares of Hello Group by 4.7% in the fourth quarter. American Century Companies Inc. now owns 912,611 shares of the information services provider’s stock worth $7,036,000 after buying an additional 40,620 shares during the last quarter. 50.96% of the stock is owned by hedge funds and other institutional investors.

Hello Group Price Performance

MOMO stock opened at $8.34 on Friday. The company has a market capitalization of $1.00 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 2.07 and a beta of 0.31. Hello Group Inc. has a 12 month low of $5.12 and a 12 month high of $8.43. The firm’s fifty day simple moving average is $6.10 and its 200-day simple moving average is $6.80.

Analyst Ratings Changes

MOMO has been the topic of a number of research analyst reports. Benchmark reissued a “buy” rating and set a $13.00 price objective on shares of Hello Group in a report on Thursday, March 13th. Wall Street Zen raised Hello Group from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.00.

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.