Caxton Associates LP Decreases Position in Hello Group Inc. (NASDAQ:MOMO)

Caxton Associates LP decreased its holdings in Hello Group Inc. (NASDAQ:MOMO - Free Report) by 34.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,820 shares of the information services provider's stock after selling 81,425 shares during the period. Caxton Associates LP owned 0.11% of Hello Group worth $1,201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MOMO. SBI Securities Co. Ltd. bought a new stake in Hello Group during the 4th quarter valued at $35,000. Blue Trust Inc. lifted its holdings 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 in the last quarter. Hsbc Holdings PLC purchased a new stake in Hello Group during the 4th quarter worth about $79,000. Kathmere Capital Management LLC boosted its stake 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 period. Finally, Tidal Investments LLC purchased a new position in Hello Group during the 3rd quarter valued at about $138,000. Institutional investors own 50.96% of the company's stock.

Wall Street Analysts Forecast Growth

MOMO has been the subject of a number of analyst reports. Benchmark restated a "buy" rating and issued a $13.00 price objective on shares of Hello Group in a research report on Thursday, March 13th. StockNews.com upgraded shares of Hello Group from a "hold" rating to a "buy" rating in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $8.25.

Hello Group Stock Down 0.7 %

Shares of NASDAQ MOMO traded down $0.04 during mid-day trading on Friday, reaching $5.98. 715,676 shares of the company were exchanged, compared to its average volume of 1,323,538. Hello Group Inc. has a 52 week low of $4.79 and a 52 week high of $8.38. The company's 50 day moving average price is $6.16 and its 200 day moving average price is $6.84. The stock has a market capitalization of $720.51 million, a PE ratio of 6.16, a PEG ratio of 2.07 and a beta of 0.24.

Hello Group Cuts Dividend

The company 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 was Friday, April 11th.

About Hello Group

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.