E Fund Management Co. Ltd. Has $190,000 Position in Hello Group Inc. (NASDAQ:MOMO)

E Fund Management Co. Ltd. cut its stake in shares of Hello Group Inc. (NASDAQ:MOMO) by 41.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,678 shares of the information services provider’s stock after selling 17,682 shares during the period. E Fund Management Co. Ltd.’s holdings in Hello Group were worth $190,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Hello Group during the 4th quarter valued at $35,000. Blue Trust Inc. grew its stake in Hello Group by 62.3% in the fourth quarter. Blue Trust Inc. now owns 6,287 shares of the information services provider’s stock valued at $48,000 after purchasing an additional 2,414 shares in the last quarter. Kathmere Capital Management LLC increased its position in Hello Group by 30.1% in the 4th quarter. Kathmere Capital Management LLC now owns 14,717 shares of the information services provider’s stock worth $113,000 after purchasing an additional 3,407 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Hello Group during the 3rd quarter worth about $138,000. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Hello Group during the 4th quarter valued at about $158,000. Institutional investors and hedge funds own 50.96% of the company’s stock.

Hello Group Stock Up 0.3 %

Shares of Hello Group stock opened at $7.65 on Monday. Hello Group Inc. has a 12-month low of $4.79 and a 12-month high of $8.38. The stock has a 50 day moving average price of $7.39 and a two-hundred day moving average price of $7.10. The stock has a market capitalization of $1.11 billion, a P/E ratio of 7.89, a PEG ratio of 2.07 and a beta of 0.44.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com upgraded Hello Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Citigroup increased their price target on shares of Hello Group from $5.90 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Hello Group has an average rating of “Hold” and a consensus target price of $8.25.

About Hello Group

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.