Hello Group Inc. Sponsored ADR $MOMO Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its position in shares of Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) by 44.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,141 shares of the information services provider’s stock after selling 154,223 shares during the period. Public Employees Retirement System of Ohio’s holdings in Hello Group were worth $1,124,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in shares of Hello Group by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,127,428 shares of the information services provider’s stock worth $51,284,000 after purchasing an additional 546,048 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Hello Group by 4.1% during the second quarter. Geode Capital Management LLC now owns 279,901 shares of the information services provider’s stock worth $2,362,000 after acquiring an additional 10,944 shares during the period. JPMorgan Chase & Co. raised its position in Hello Group by 111.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 315,918 shares of the information services provider’s stock valued at $2,666,000 after purchasing an additional 166,227 shares in the last quarter. Legal & General Group Plc lifted its stake in Hello Group by 31.7% in the second quarter. Legal & General Group Plc now owns 39,861 shares of the information services provider’s stock worth $336,000 after acquiring an additional 9,597 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Hello Group by 231.1% during the 2nd quarter. Hsbc Holdings PLC now owns 38,864 shares of the information services provider’s stock worth $329,000 after purchasing an additional 27,125 shares during the last quarter. 50.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MOMO shares. Wall Street Zen cut Hello Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. Weiss Ratings cut shares of Hello Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. UBS Group set a $10.00 price objective on shares of Hello Group in a research report on Thursday, June 4th. Finally, Benchmark restated a “buy” rating on shares of Hello Group in a report on Thursday, June 4th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Hello Group has an average rating of “Hold” and a consensus price target of $9.05.

Hello Group Trading Down 0.7%

Shares of NASDAQ MOMO opened at $5.95 on Tuesday. Hello Group Inc. Sponsored ADR has a twelve month low of $5.32 and a twelve month high of $8.59. The stock has a 50 day moving average of $5.83 and a two-hundred day moving average of $6.14. The stock has a market cap of $640.01 million, a P/E ratio of 9.30 and a beta of 0.45.

About Hello Group

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.