First Beijing Investment Ltd Purchases New Holdings in Hello Group Inc. (NASDAQ:MOMO)

First Beijing Investment Ltd acquired a new position in Hello Group Inc. (NASDAQ:MOMO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,043,817 shares of the information services provider’s stock, valued at approximately $30,773,000. Hello Group comprises about 2.3% of First Beijing Investment Ltd’s investment portfolio, making the stock its 9th largest position. First Beijing Investment Ltd owned about 2.79% of Hello Group as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BRIGHT VALLEY CAPITAL Ltd purchased a new position in shares of Hello Group during the 2nd quarter valued at $22,553,000. Jupiter Asset Management Ltd. lifted its stake in Hello Group by 994.2% in the 1st quarter. Jupiter Asset Management Ltd. now owns 1,617,308 shares of the information services provider’s stock worth $10,043,000 after purchasing an additional 1,469,500 shares in the last quarter. Sei Investments Co. boosted its holdings in Hello Group by 26.3% in the 1st quarter. Sei Investments Co. now owns 448,013 shares of the information services provider’s stock valued at $2,782,000 after purchasing an additional 93,238 shares during the period. Dimensional Fund Advisors LP grew its position in shares of 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 valued at $22,736,000 after purchasing an additional 633,746 shares in the last quarter. Finally, LSV Asset Management raised its position in shares of Hello Group by 33.5% in the first quarter. LSV Asset Management now owns 2,277,629 shares of the information services provider’s stock worth $14,144,000 after buying an additional 571,840 shares in the last quarter. Institutional investors own 50.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MOMO shares. Benchmark decreased their target price on Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Jefferies Financial Group raised their target price on shares of Hello Group from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, StockNews.com upgraded shares of Hello Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.93.

Hello Group Trading Down 3.8 %

MOMO traded down $0.28 during trading on Wednesday, hitting $7.01. 160,374 shares of the stock traded hands, compared to its average volume of 1,722,369. The firm has a market capitalization of $1.02 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 2.17 and a beta of 0.54. Hello Group Inc. has a 12-month low of $4.79 and a 12-month high of $8.19. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.55 and a quick ratio of 2.55. The firm has a 50-day moving average of $6.91 and a 200 day moving average of $6.45.

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

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.