Dimensional Fund Advisors LP Trims Stock Holdings in Hello Group Inc. (NASDAQ:MOMO)

Dimensional Fund Advisors LP cut its position in shares of Hello Group Inc. (NASDAQ:MOMO - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,518,315 shares of the information services provider's stock after selling 79,961 shares during the period. Dimensional Fund Advisors LP owned approximately 2.43% of Hello Group worth $27,085,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Hello Group in the 4th quarter valued at $10,765,000. Assenagon Asset Management S.A. purchased a new position in Hello Group in the 4th quarter worth about $8,616,000. American Century Companies Inc. lifted its holdings in Hello Group by 4.7% during the 4th quarter. American Century Companies Inc. now owns 912,611 shares of the information services provider's stock valued at $7,036,000 after buying an additional 40,620 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in Hello Group in the 4th quarter valued at about $1,789,000. Finally, Jump Financial LLC bought a new position in Hello Group in the 4th quarter worth about $1,124,000. 50.96% of the stock is currently owned by institutional investors.

Hello Group Trading Up 2.9%

Hello Group stock traded up $0.18 during trading on Monday, hitting $6.16. The company had a trading volume of 126,288 shares, compared to its average volume of 1,318,833. The company's 50 day simple moving average is $6.16 and its 200-day simple moving average is $6.84. Hello Group Inc. has a 1-year low of $4.79 and a 1-year high of $8.38. The stock has a market cap of $741.60 million, a price-to-earnings ratio of 6.34, a price-to-earnings-growth ratio of 2.07 and a beta of 0.24.

Hello Group Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, April 30th. Shareholders 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 dividend yield of 4.18%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Benchmark reiterated a "buy" rating and issued a $13.00 target price on shares of Hello Group in a report on Thursday, March 13th. StockNews.com raised 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 issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Hello Group has an average rating of "Hold" and an average price target of $8.25.

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.