Jianhua Wen Sells 4,218 Shares of Hello Group (NASDAQ:MOMO) Stock

Key Points

• CTO Jianhua Wen sold 4,218 shares of Hello Group (NASDAQ:MOMO) on March 31 at an average price of $5.70, totaling $24,042.60, according to an SEC filing.
• Hello Group announced an annual dividend of $0.28 per share with a record date of April 10 and a payment date of April 30 (ex-dividend date April 10).
• Shares trade around $6.17 with a market cap of about $735.8 million; analysts' consensus rating is "Hold" with an average price target of $8.10.

Hello Group Inc. Sponsored ADR (NASDAQ:MOMO - Get Free Report) CTO Jianhua Wen sold 4,218 shares of the firm's stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $5.70, for a total value of $24,042.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hello Group Stock Down 1.0%

Shares of NASDAQ MOMO traded down $0.06 during midday trading on Thursday, hitting $6.17. The stock had a trading volume of 876,105 shares, compared to its average volume of 856,201. The company has a market capitalization of $735.83 million, a PE ratio of 9.21 and a beta of 0.42. The stock has a 50 day simple moving average of $6.27 and a 200-day simple moving average of $6.69. Hello Group Inc. Sponsored ADR has a 1 year low of $5.12 and a 1 year high of $9.22.

Hello Group Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, April 30th. Stockholders of record on Friday, April 10th will be given a $0.28 dividend. This represents a dividend yield of 486.0%. The ex-dividend date is Friday, April 10th.

Institutional Investors Weigh In On Hello Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. OMERS ADMINISTRATION Corp increased its holdings in shares of Hello Group by 13.3% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 17,000 shares of the information services provider's stock valued at $111,000 after purchasing an additional 2,000 shares during the last quarter. US Bancorp DE increased its holdings in shares of Hello Group by 2.5% in the third quarter. US Bancorp DE now owns 93,233 shares of the information services provider's stock valued at $692,000 after purchasing an additional 2,288 shares during the last quarter. ABN Amro Investment Solutions increased its holdings in shares of Hello Group by 9.6% in the fourth quarter. ABN Amro Investment Solutions now owns 26,300 shares of the information services provider's stock valued at $172,000 after purchasing an additional 2,300 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Hello Group in the second quarter valued at approximately $41,000. Finally, Jump Financial LLC increased its holdings in shares of Hello Group by 2.9% in the fourth quarter. Jump Financial LLC now owns 231,849 shares of the information services provider's stock valued at $1,519,000 after purchasing an additional 6,518 shares during the last quarter. Institutional investors and hedge funds own 50.96% of the company's stock.

Analyst Ratings Changes

MOMO has been the topic of several research reports. Zacks Research upgraded Hello Group from a "strong sell" rating to a "hold" rating in a research report on Monday, December 15th. Jefferies Financial Group set a $8.10 target price on Hello Group in a research report on Wednesday, December 10th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Hello Group in a research report on Friday, March 27th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $8.10.

Hello Group Company Profile

Hello Group Inc NASDAQ: MOMO is a China-based technology company specializing in mobile social networking and interactive entertainment. Its flagship product, the Momo app, offers location-based social discovery services that enable users to find and connect with new friends based on shared interests and geographic proximity. The platform integrates instant messaging, group chat, and content-sharing features, while also providing premium subscriptions and in-app purchases such as virtual gifts and sticker packs.

In addition to Momo, Hello Group's portfolio includes Tantan, a dating-focused social app designed to help users build meaningful relationships through profile matching and interest-driven swiping.

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