Caxton Associates LLP Buys Shares of 219,874 Hello Group Inc. Sponsored ADR $MOMO

Key Points

• Caxton Associates LLP purchased 219,874 shares of Hello Group Inc., valued at approximately $1.39 million, representing about 0.18% of the company's stock.
• The stock currently has a market capitalization of $949.46 million and a price-to-earnings ratio of 6.06, with a 52-week price range between $5.12 and $9.22.
• Analysts have raised their rating on Hello Group from "hold" to "buy," with an average target price of $10.00, despite an average rating of "hold" from one buy, one hold, and one sell rating.

Caxton Associates LLP bought a new position in Hello Group Inc. Sponsored ADR (NASDAQ:MOMO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 219,874 shares of the information services provider's stock, valued at approximately $1,387,000. Caxton Associates LLP owned about 0.18% of Hello Group at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. US Bancorp DE boosted its position in Hello Group by 3.9% during the 1st quarter. US Bancorp DE now owns 78,397 shares of the information services provider's stock valued at $495,000 after acquiring an additional 2,978 shares in the last quarter. Millennium Management LLC raised its holdings in Hello Group by 1,590.1% in the 4th quarter. Millennium Management LLC now owns 174,536 shares of the information services provider's stock worth $1,346,000 after acquiring an additional 164,209 shares during the last quarter. Wellington Management Group LLP purchased a new position in Hello Group in the 1st quarter worth approximately $120,000. Allianz Asset Management GmbH raised its holdings in Hello Group by 10.7% in the 1st quarter. Allianz Asset Management GmbH now owns 292,362 shares of the information services provider's stock worth $1,845,000 after acquiring an additional 28,278 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Hello Group in the 4th quarter worth approximately $79,000. 50.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Hello Group from a "buy" rating to a "hold" rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $10.00.

Hello Group Stock Up 2.5%

MOMO traded up $0.19 during mid-day trading on Monday, reaching $7.67. 445,273 shares of the company traded hands, compared to its average volume of 1,133,565. The stock has a market capitalization of $923.53 million, a P/E ratio of 8.61 and a beta of 0.38. The company's fifty day moving average price is $8.32 and its 200-day moving average price is $7.27. Hello Group Inc. Sponsored ADR has a 52-week low of $5.12 and a 52-week high of $9.22.

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.