Caxton Associates LLP Makes New $1.39 Million Investment in Hello Group Inc. Sponsored ADR $MOMO

Caxton Associates LLP purchased a new position in Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 219,874 shares of the information services provider’s stock, valued at approximately $1,387,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MOMO. Hsbc Holdings PLC purchased a new position in shares of Hello Group in the fourth quarter worth $79,000. Northern Trust Corp raised its holdings in shares of Hello Group by 53.3% in the fourth quarter. Northern Trust Corp now owns 390,686 shares of the information services provider’s stock worth $3,012,000 after buying an additional 135,879 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Hello Group in the fourth quarter worth $4,535,000. Cetera Investment Advisers raised its holdings in shares of Hello Group by 3.6% in the fourth quarter. Cetera Investment Advisers now owns 64,877 shares of the information services provider’s stock worth $500,000 after buying an additional 2,280 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Hello Group by 1,590.1% in the fourth quarter. Millennium Management LLC now owns 174,536 shares of the information services provider’s stock worth $1,346,000 after buying an additional 164,209 shares during the last quarter. Hedge funds and other institutional investors own 50.96% of the company’s stock.

Hello Group Stock Down 3.0%

Shares of NASDAQ MOMO opened at $7.88 on Wednesday. The company’s 50-day simple moving average is $8.37 and its 200-day simple moving average is $7.28. Hello Group Inc. Sponsored ADR has a 52-week low of $5.12 and a 52-week high of $9.22. The firm has a market cap of $949.46 million, a price-to-earnings ratio of 6.06 and a beta of 0.38.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Hello Group from a “hold” rating to a “buy” rating in a report on Friday, June 6th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hello Group currently has a consensus rating of “Hold” and an average target price of $10.00.

Hello Group 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.