DGS Capital Management LLC Decreases Stock Position in Hello Group Inc. (NASDAQ:MOMO)

DGS Capital Management LLC cut its position in Hello Group Inc. (NASDAQ:MOMO) by 27.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,797 shares of the information services provider’s stock after selling 10,780 shares during the period. DGS Capital Management LLC’s holdings in Hello Group were worth $212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Tidal Investments LLC acquired a new position in Hello Group during the third quarter worth about $138,000. Public Employees Retirement System of Ohio purchased a new position in Hello Group in the 3rd quarter worth approximately $1,013,000. XTX Topco Ltd boosted its holdings in shares of Hello Group by 95.1% during the 3rd quarter. XTX Topco Ltd now owns 52,720 shares of the information services provider’s stock worth $401,000 after purchasing an additional 25,700 shares during the last quarter. Quadrature Capital Ltd grew its position in shares of Hello Group by 40.2% in the third quarter. Quadrature Capital Ltd now owns 69,492 shares of the information services provider’s stock valued at $528,000 after purchasing an additional 19,909 shares in the last quarter. Finally, Polymer Capital Management HK LTD purchased a new stake in shares of Hello Group in the third quarter valued at approximately $894,000. 50.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MOMO has been the topic of a number of recent research reports. StockNews.com raised Hello Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Benchmark reduced their price target on Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Citigroup upped their price objective on shares of Hello Group from $5.90 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Jefferies Financial Group raised their price objective on shares of Hello Group from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Bank of America lowered shares of Hello Group from a “buy” rating to an “underperform” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.25.

Hello Group Trading Up 0.6 %

NASDAQ MOMO opened at $7.84 on Friday. The stock has a market cap of $1.14 billion, a PE ratio of 8.08, a P/E/G ratio of 2.35 and a beta of 0.51. Hello Group Inc. has a twelve month low of $4.79 and a twelve month high of $8.19. The stock has a fifty day simple moving average of $6.97 and a 200-day simple moving average of $6.64.

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.