Two Sigma Investments LP Sells 227,805 Shares of Hello Group Inc. (NASDAQ:MOMO)

Two Sigma Investments LP trimmed its position in Hello Group Inc. (NASDAQ:MOMO - Free Report) by 49.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 233,447 shares of the information services provider's stock after selling 227,805 shares during the period. Two Sigma Investments LP owned about 0.16% of Hello Group worth $1,800,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Hello Group in the 4th quarter valued at $35,000. Blue Trust Inc. raised its stake 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 buying an additional 2,414 shares during the period. Hsbc Holdings PLC acquired a new stake in Hello Group during the 4th quarter worth $79,000. Quantbot Technologies LP acquired a new stake in Hello Group during the 4th quarter worth $148,000. Finally, Vontobel Holding Ltd. acquired a new stake in Hello Group during the 4th quarter worth $158,000. 50.96% of the stock is currently owned by institutional investors.

Hello Group Stock Up 1.8%

MOMO traded up $0.11 during trading on Wednesday, reaching $6.25. 565,333 shares of the stock traded hands, compared to its average volume of 1,211,735. The stock has a market capitalization of $753.04 million, a PE ratio of 6.44, a P/E/G ratio of 2.07 and a beta of 0.24. The stock's 50-day moving average is $5.88 and its 200 day moving average is $6.74. Hello Group Inc. has a 12 month low of $5.12 and a 12 month high of $8.38.

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 given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a yield of 4.18%.

Analyst Ratings Changes

Several brokerages recently commented on MOMO. Benchmark reaffirmed a "buy" rating and set a $13.00 price objective on shares of Hello Group in a research note on Thursday, March 13th. Wall Street Zen cut Hello Group from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $9.00.

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.