LSV Asset Management Has $16.92 Million Holdings in Hello Group Inc. (NASDAQ:MOMO)

LSV Asset Management lessened its stake in shares of Hello Group Inc. (NASDAQ:MOMO - Free Report) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,194,198 shares of the information services provider's stock after selling 62,400 shares during the quarter. LSV Asset Management owned about 1.51% of Hello Group worth $16,917,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MOMO. O Shaughnessy Asset Management LLC bought a new stake in shares of Hello Group in the 4th quarter worth $1,789,000. Norges Bank bought a new stake in Hello Group during the fourth quarter worth approximately $10,765,000. LPL Financial LLC grew its position in Hello Group by 813.1% in the fourth quarter. LPL Financial LLC now owns 101,277 shares of the information services provider's stock worth $781,000 after buying an additional 90,186 shares during the last quarter. American Century Companies Inc. lifted its position in shares of 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 acquiring an additional 40,620 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Hello Group during the 4th quarter worth $148,000. Institutional investors own 50.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MOMO shares. Benchmark reiterated a "buy" rating and issued a $13.00 price target on shares of Hello Group in a research report on Thursday, March 13th. StockNews.com upgraded shares of Hello Group from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Hello Group currently has an average rating of "Hold" and a consensus price target of $8.25.

Hello Group Stock Up 4.0 %

Shares of NASDAQ:MOMO traded up $0.21 during trading on Friday, reaching $5.50. 1,496,107 shares of the company traded hands, compared to its average volume of 1,353,647. The firm has a fifty day simple moving average of $6.79 and a 200 day simple moving average of $7.01. Hello Group Inc. has a 1-year low of $4.79 and a 1-year high of $8.38. The firm has a market cap of $796.94 million, a P/E ratio of 5.67, a price-to-earnings-growth ratio of 2.07 and a beta of 0.33.

Hello Group Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a yield of 4.18%.

Hello Group Company 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.