Hello Group Inc. (NASDAQ:MOMO) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC decreased its holdings in shares of Hello Group Inc. (NASDAQ:MOMO - Free Report) by 61.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,461 shares of the information services provider's stock after selling 37,166 shares during the period. Squarepoint Ops LLC's holdings in Hello Group were worth $181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in Hello Group in the 4th quarter worth approximately $35,000. Blue Trust Inc. lifted its holdings in shares of Hello Group by 62.3% in the fourth quarter. Blue Trust Inc. now owns 6,287 shares of the information services provider's stock worth $48,000 after buying an additional 2,414 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Hello Group during the fourth quarter worth $79,000. Quantbot Technologies LP bought a new position in shares of Hello Group during the fourth quarter worth $148,000. Finally, Vontobel Holding Ltd. purchased a new position in Hello Group during the fourth quarter valued at $158,000. 50.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Hello Group from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Benchmark reissued a "buy" rating and set a $13.00 price target on shares of Hello Group in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Hello Group presently has a consensus rating of "Hold" and an average price target of $9.00.

Hello Group Stock Performance

Shares of NASDAQ MOMO traded up $0.02 during mid-day trading on Thursday, hitting $8.34. The stock had a trading volume of 1,988,505 shares, compared to its average volume of 1,255,928. Hello Group Inc. has a twelve month low of $5.12 and a twelve month high of $8.43. The firm has a market cap of $1.00 billion, a PE ratio of 8.60, a PEG ratio of 2.07 and a beta of 0.31. The company has a 50 day moving average of $6.04 and a two-hundred day moving average of $6.78.

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.