Hello Group Inc. (NASDAQ:MOMO) Shares Acquired by Axa S.A.

Axa S.A. boosted its stake in Hello Group Inc. (NASDAQ:MOMO) by 125.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 42,278 shares of the information services provider’s stock after acquiring an additional 23,516 shares during the quarter. Axa S.A.’s holdings in Hello Group were worth $326,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its position in shares of Hello Group by 8.4% in the fourth quarter. QRG Capital Management Inc. now owns 21,861 shares of the information services provider’s stock valued at $169,000 after acquiring an additional 1,690 shares in the last quarter. Blue Trust Inc. boosted its stake in Hello Group by 62.3% during the 4th quarter. Blue Trust Inc. now owns 6,287 shares of the information services provider’s stock worth $48,000 after purchasing an additional 2,414 shares during the last quarter. Kathmere Capital Management LLC grew its holdings in shares of Hello Group by 30.1% during the fourth quarter. Kathmere Capital Management LLC now owns 14,717 shares of the information services provider’s stock worth $113,000 after buying an additional 3,407 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Hello Group in the fourth quarter valued at about $35,000. Finally, Hsbc Holdings PLC acquired a new position in Hello Group during the fourth quarter worth about $79,000. Hedge funds and other institutional investors own 50.96% of the company’s stock.

Hello Group Stock Performance

MOMO opened at $5.98 on Friday. The stock has a market capitalization of $720.51 million, a PE ratio of 6.16, a P/E/G ratio of 2.07 and a beta of 0.24. Hello Group Inc. has a one year low of $4.79 and a one year high of $8.38. The business’s 50 day moving average price is $6.16 and its 200 day moving average price is $6.84.

Hello Group Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th were paid a $0.30 dividend. This represents a dividend yield of 4.18%. The ex-dividend date of this dividend was Friday, April 11th.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com upgraded shares of Hello Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 22nd. Benchmark reiterated a “buy” rating and set a $13.00 price objective on shares of Hello Group in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hello Group presently has a consensus rating of “Hold” and a consensus price target of $8.25.

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.