BRIGHT VALLEY CAPITAL Ltd Has $35.87 Million Stock Position in Hello Group Inc. (NASDAQ:MOMO)

BRIGHT VALLEY CAPITAL Ltd lowered its stake in shares of Hello Group Inc. (NASDAQ:MOMO - Free Report) by 25.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,651,790 shares of the information services provider's stock after selling 1,618,411 shares during the period. Hello Group makes up approximately 15.3% of BRIGHT VALLEY CAPITAL Ltd's holdings, making the stock its 2nd biggest position. BRIGHT VALLEY CAPITAL Ltd owned approximately 3.21% of Hello Group worth $35,865,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets bought a new stake in shares of Hello Group in the 4th quarter worth about $4,535,000. AXA S.A. lifted its position in shares of Hello Group by 125.3% during the fourth quarter. AXA S.A. now owns 42,278 shares of the information services provider's stock valued at $326,000 after buying an additional 23,516 shares during the last quarter. Hhlr Advisors LTD. acquired a new stake in shares of Hello Group in the 4th quarter worth $413,000. 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. Finally, Hsbc Holdings PLC acquired a new position in Hello Group in the 4th quarter worth approximately $79,000. Institutional investors own 50.96% of the company's stock.

Hello Group Price Performance

Hello Group stock traded down $0.04 during midday trading on Friday, reaching $5.98. The stock had a trading volume of 715,676 shares, compared to its average volume of 1,321,611. The firm has a market cap of $720.51 million, a price-to-earnings ratio of 6.16, a PEG ratio of 2.07 and a beta of 0.24. The firm's fifty day simple moving average is $6.16 and its two-hundred day simple moving average is $6.84. Hello Group Inc. has a twelve month low of $4.79 and a twelve month high of $8.38.

Hello Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MOMO shares. Benchmark reissued a "buy" rating and issued a $13.00 price target on shares of Hello Group in a report on Thursday, March 13th. StockNews.com upgraded 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 assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.