24,279 Shares in Hello Group Inc. (NASDAQ:MOMO) Acquired by Caprock Group LLC

Caprock Group LLC purchased a new position in shares of Hello Group Inc. (NASDAQ:MOMO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,279 shares of the information services provider’s stock, valued at approximately $185,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BRIGHT VALLEY CAPITAL Ltd acquired a new position in shares of Hello Group in the 2nd quarter valued at $22,553,000. Dimensional Fund Advisors LP grew its position in Hello Group by 20.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,716,809 shares of the information services provider’s stock worth $22,736,000 after purchasing an additional 633,746 shares during the last quarter. Blue Trust Inc. increased its stake in Hello Group by 472.1% in the third quarter. Blue Trust Inc. now owns 3,873 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 3,196 shares during the period. American Century Companies Inc. raised its holdings in shares of Hello Group by 22.6% in the second quarter. American Century Companies Inc. now owns 721,760 shares of the information services provider’s stock valued at $4,417,000 after buying an additional 133,113 shares during the last quarter. Finally, Caxton Associates LP acquired a new stake in shares of Hello Group during the second quarter worth about $2,628,000. Hedge funds and other institutional investors own 50.96% of the company’s stock.

Hello Group Stock Down 3.0 %

MOMO opened at $6.36 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.55 and a quick ratio of 2.55. Hello Group Inc. has a 12 month low of $4.79 and a 12 month high of $8.19. The stock has a market capitalization of $921.56 million, a P/E ratio of 6.36, a P/E/G ratio of 2.01 and a beta of 0.54. The business has a 50 day simple moving average of $6.99 and a 200-day simple moving average of $6.52.

Hello Group (NASDAQ:MOMO) last issued its earnings results on Tuesday, September 3rd. The information services provider reported $2.38 EPS for the quarter, topping the consensus estimate of $0.25 by $2.13. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.67 billion. Hello Group had a net margin of 12.40% and a return on equity of 12.09%. The business’s revenue was down 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. On average, equities analysts anticipate that Hello Group Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Benchmark dropped their price target on Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. StockNews.com downgraded Hello Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. Jefferies Financial Group upped their price target on Hello Group from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Bank of America lowered shares of Hello Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $7.93.

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.