Hello Group Inc. (NASDAQ:MOMO) is Alpine Investment Management Ltd’s 5th Largest Position

Alpine Investment Management Ltd lowered its holdings in Hello Group Inc. (NASDAQ:MOMO) by 22.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,500,000 shares of the information services provider’s stock after selling 715,000 shares during the quarter. Hello Group accounts for 5.5% of Alpine Investment Management Ltd’s holdings, making the stock its 5th largest holding. Alpine Investment Management Ltd owned 1.73% of Hello Group worth $19,275,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. SBI Securities Co. Ltd. purchased a new stake in Hello Group in the 4th quarter valued at about $35,000. Blue Trust Inc. raised its stake in shares of Hello Group by 62.3% in the 4th quarter. Blue Trust Inc. now owns 6,287 shares of the information services provider’s stock valued at $48,000 after acquiring an additional 2,414 shares during the period. Kathmere Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 3,407 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Hello Group during the 3rd quarter worth approximately $138,000. Finally, Quantbot Technologies LP acquired a new stake in Hello Group in the 4th quarter valued at approximately $148,000. Institutional investors and hedge funds own 50.96% of the company’s stock.

Hello Group Stock Performance

Shares of Hello Group stock opened at $5.84 on Friday. The business has a 50-day simple moving average of $7.20 and a 200-day simple moving average of $7.12. Hello Group Inc. has a one year low of $4.79 and a one year high of $8.38. The company has a market cap of $846.21 million, a PE ratio of 6.02, a P/E/G ratio of 2.07 and a beta of 0.44.

Hello Group Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be given a $0.30 dividend. This represents a dividend yield of 4.18%. The ex-dividend date is Friday, April 11th.

Analysts Set New Price Targets

Several research analysts have recently commented on MOMO shares. Benchmark restated a “buy” rating and set a $13.00 price target on shares of Hello Group in a research report on Thursday, March 13th. StockNews.com cut Hello Group from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Citigroup boosted 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 equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Hello Group currently has an average rating of “Hold” and an average price target of $8.25.

Hello Group 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.