Blue Trust Inc. Buys 2,414 Shares of Hello Group Inc. (NASDAQ:MOMO)

Blue Trust Inc. grew its stake in Hello Group Inc. (NASDAQ:MOMO) by 62.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,287 shares of the information services provider’s stock after acquiring an additional 2,414 shares during the quarter. Blue Trust Inc.’s holdings in Hello Group were worth $48,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Kathmere Capital Management LLC raised its position 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 purchasing an additional 3,407 shares during the last quarter. SG Americas Securities LLC bought a new stake in Hello Group during the 3rd quarter valued at about $125,000. Tidal Investments LLC bought a new position in shares of Hello Group in the third quarter worth approximately $138,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Hello Group by 105.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,030 shares of the information services provider’s stock valued at $160,000 after buying an additional 10,818 shares during the last quarter. Finally, Caprock Group LLC purchased a new stake in shares of Hello Group during the third quarter valued at approximately $185,000. 50.96% of the stock is owned by hedge funds and other institutional investors.

Hello Group Trading Up 0.7 %

NASDAQ:MOMO opened at $7.42 on Monday. The company has a 50 day simple moving average of $7.23 and a two-hundred day simple moving average of $6.97. The company has a market cap of $1.08 billion, a PE ratio of 7.65, a price-to-earnings-growth ratio of 1.89 and a beta of 0.47. Hello Group Inc. has a 12 month low of $4.79 and a 12 month high of $8.19.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MOMO. StockNews.com raised Hello Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Citigroup upped their price target on Hello Group from $5.90 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, Bank of America cut Hello Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.