Hhlr Advisors LTD. Purchases Shares of 53,590 Hello Group Inc. (NASDAQ:MOMO)

Hhlr Advisors LTD. acquired a new position in Hello Group Inc. (NASDAQ:MOMO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 53,590 shares of the information services provider's stock, valued at approximately $413,000.

Several other large investors also recently made changes to their positions in MOMO. SBI Securities Co. Ltd. acquired a new position in Hello Group during the 4th quarter worth about $35,000. Blue Trust Inc. lifted its position in shares of Hello Group by 62.3% during the fourth 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 in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Hello Group in the fourth quarter valued at approximately $79,000. Kathmere Capital Management LLC raised its position in Hello Group by 30.1% in the 4th quarter. Kathmere Capital Management LLC now owns 14,717 shares of the information services provider's stock worth $113,000 after purchasing an additional 3,407 shares during the last quarter. Finally, Tidal Investments LLC bought a new position in Hello Group in the 3rd quarter worth approximately $138,000. Institutional investors own 50.96% of the company's stock.

Hello Group Stock Performance

NASDAQ:MOMO traded up $0.10 during trading hours on Friday, hitting $5.89. The stock had a trading volume of 454,463 shares, compared to its average volume of 1,316,540. The business's 50 day moving average is $6.31 and its 200-day moving average is $6.87. The company has a market cap of $709.67 million, a price-to-earnings ratio of 6.07, a P/E/G ratio of 2.07 and a beta of 0.33. Hello Group Inc. has a one year low of $4.79 and a one year high of $8.38.

Hello Group Cuts Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on MOMO. Benchmark reissued a "buy" rating and issued a $13.00 target price on shares of Hello Group in a research note on Thursday, March 13th. StockNews.com raised Hello Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Hello Group presently has a consensus rating of "Hold" and a consensus 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.