Hello Group Inc. (NASDAQ:MOMO) Shares Sold by Alpine Investment Management Ltd

Alpine Investment Management Ltd lowered its position in shares of Hello Group Inc. (NASDAQ:MOMO) by 22.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,500,000 shares of the information services provider’s stock after selling 715,000 shares during the period. Hello Group comprises about 5.5% of Alpine Investment Management Ltd’s holdings, making the stock its 5th largest position. Alpine Investment Management Ltd’s holdings in Hello Group were worth $19,275,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MOMO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Hello Group by 105.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,030 shares of the information services provider’s stock worth $160,000 after buying an additional 10,818 shares during the period. Quadrature Capital Ltd grew its position in shares of Hello Group by 40.2% during the third quarter. Quadrature Capital Ltd now owns 69,492 shares of the information services provider’s stock worth $528,000 after acquiring an additional 19,909 shares during the last quarter. XTX Topco Ltd increased its holdings in shares of Hello Group by 95.1% in the 3rd quarter. XTX Topco Ltd now owns 52,720 shares of the information services provider’s stock valued at $401,000 after acquiring an additional 25,700 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Hello Group during the 3rd quarter worth $1,013,000. Finally, Tidal Investments LLC purchased a new position in Hello Group during the 3rd quarter worth $138,000. 50.96% of the stock is owned by hedge funds and other institutional investors.

Hello Group Trading Down 4.4 %

Shares of MOMO stock opened at $5.84 on Friday. The stock has a 50 day simple moving average of $7.20 and a 200-day simple moving average of $7.12. The company has a market cap of $846.21 million, a price-to-earnings ratio of 6.02, a price-to-earnings-growth ratio of 2.07 and a beta of 0.44. Hello Group Inc. has a 12-month low of $4.79 and a 12-month high of $8.38.

Hello Group Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be given a $0.30 dividend. This represents a yield of 4.18%. The ex-dividend date of this dividend is Friday, April 11th.

Analyst Ratings Changes

MOMO has been the subject of a number of research reports. Benchmark reaffirmed a “buy” rating and issued a $13.00 target price on shares of Hello Group in a report on Thursday, March 13th. Citigroup increased their price objective on Hello Group from $5.90 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, StockNews.com lowered Hello Group from a “buy” rating to a “hold” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Hello Group currently has a consensus rating of “Hold” and an average target price of $8.25.

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.