145,833 Shares in Hello Group Inc. (NASDAQ:MOMO) Bought by Jump Financial LLC

Jump Financial LLC acquired a new stake in shares of Hello Group Inc. (NASDAQ:MOMO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 145,833 shares of the information services provider’s stock, valued at approximately $1,124,000.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Hello Group during the 4th quarter worth about $10,765,000. Assenagon Asset Management S.A. acquired a new position in shares of Hello Group during the fourth quarter valued at approximately $8,616,000. American Century Companies Inc. lifted its position in shares of Hello Group by 4.7% in the fourth quarter. American Century Companies Inc. now owns 912,611 shares of the information services provider’s stock valued at $7,036,000 after acquiring an additional 40,620 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of Hello Group in the fourth quarter worth approximately $1,789,000. Finally, LPL Financial LLC increased its position in shares of Hello Group by 813.1% during the fourth quarter. LPL Financial LLC now owns 101,277 shares of the information services provider’s stock worth $781,000 after purchasing an additional 90,186 shares in the last quarter. Institutional investors and hedge funds own 50.96% of the company’s stock.

Wall Street Analyst Weigh In

MOMO has been the topic of a number of research reports. StockNews.com upgraded Hello Group from a “hold” rating to a “buy” rating in a report on Friday, April 11th. 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Hello Group has a consensus rating of “Hold” and a consensus target price of $8.25.

Hello Group Price Performance

NASDAQ MOMO opened at $5.50 on Monday. The stock has a market capitalization of $796.94 million, a P/E ratio of 5.67, a PEG ratio of 2.07 and a beta of 0.33. The firm’s 50-day moving average is $6.75 and its two-hundred day moving average is $6.98. Hello Group Inc. has a 12 month low of $4.79 and a 12 month high of $8.38.

Hello Group Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be given a dividend of $0.30 per share. The ex-dividend date is 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.