JPMorgan Chase & Co. Has $58,000 Stock Position in Hello Group Inc. (NASDAQ:MOMO)

JPMorgan Chase & Co. trimmed its position in shares of Hello Group Inc. (NASDAQ:MOMO - Free Report) by 88.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,502 shares of the information services provider's stock after selling 60,265 shares during the period. JPMorgan Chase & Co.'s holdings in Hello Group were worth $58,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new position in Hello Group in the fourth quarter worth $8,616,000. LPL Financial LLC boosted its position in Hello Group by 813.1% in the 4th quarter. LPL Financial LLC now owns 101,277 shares of the information services provider's stock valued at $781,000 after buying an additional 90,186 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in Hello Group by 86.9% in the 4th quarter. Harbour Capital Advisors LLC now owns 90,085 shares of the information services provider's stock valued at $647,000 after buying an additional 41,875 shares during the last quarter. American Century Companies Inc. boosted its position in Hello Group by 4.7% in 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 during the last quarter. Finally, Vontobel Holding Ltd. bought a new position in Hello Group in the 4th quarter valued at $158,000. 50.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Benchmark reissued a "buy" rating and issued a $13.00 price target on shares of Hello Group in a research note on Thursday, March 13th. StockNews.com upgraded Hello Group from a "hold" rating to a "buy" rating in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Hello Group currently has a consensus rating of "Hold" and a consensus target price of $8.25.

Hello Group Trading Up 3.3%

Hello Group stock traded up $0.20 during trading hours on Monday, reaching $6.18. 79,436 shares of the stock were exchanged, compared to its average volume of 1,318,750. The company has a market cap of $744.01 million, a P/E ratio of 6.37, a price-to-earnings-growth ratio of 2.07 and a beta of 0.24. Hello Group Inc. has a twelve month low of $4.79 and a twelve month high of $8.38. The stock has a 50 day moving average of $6.16 and a two-hundred day moving average of $6.84.

Hello Group Cuts Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a dividend 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.