Two Sigma Advisers LP Has $1.79 Million Stock Position in Hello Group Inc. (NASDAQ:MOMO)

Two Sigma Advisers LP decreased its position in shares of Hello Group Inc. (NASDAQ:MOMO - Free Report) by 50.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,700 shares of the information services provider's stock after selling 241,200 shares during the period. Two Sigma Advisers LP owned 0.16% of Hello Group worth $1,794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Hello Group during the 4th quarter worth $35,000. Blue Trust Inc. increased 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 valued at $48,000 after purchasing an additional 2,414 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Hello Group during the fourth quarter valued at approximately $79,000. Quantbot Technologies LP bought a new stake in shares of Hello Group during the fourth quarter valued at approximately $148,000. Finally, Vontobel Holding Ltd. acquired a new position in Hello Group in the fourth quarter worth about $158,000. Institutional investors and hedge funds own 50.96% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on MOMO shares. Benchmark reissued a "buy" rating and issued a $13.00 price target on shares of Hello Group in a research report on Thursday, March 13th. Wall Street Zen lowered shares of Hello Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $8.25.

Hello Group Price Performance

MOMO stock traded up $0.03 during midday trading on Tuesday, hitting $6.14. The company's stock had a trading volume of 326,889 shares, compared to its average volume of 1,214,320. The company's fifty day moving average price is $5.88 and its 200 day moving average price is $6.74. Hello Group Inc. has a twelve month low of $5.12 and a twelve month high of $8.38. The stock has a market capitalization of $739.79 million, a P/E ratio of 6.33, a PEG ratio of 2.07 and a beta of 0.24.

Hello Group Cuts Dividend

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

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.