Yunqi Capital Ltd Has $6.15 Million Stock Position in Hello Group Inc. (NASDAQ:MOMO)

Yunqi Capital Ltd grew its holdings in shares of Hello Group Inc. (NASDAQ:MOMO) by 19.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 884,278 shares of the information services provider’s stock after purchasing an additional 145,900 shares during the period. Hello Group makes up approximately 4.3% of Yunqi Capital Ltd’s investment portfolio, making the stock its 7th largest holding. Yunqi Capital Ltd owned 0.47% of Hello Group worth $6,146,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. DGS Capital Management LLC raised its holdings in Hello Group by 115.2% during the fourth quarter. DGS Capital Management LLC now owns 38,185 shares of the information services provider’s stock worth $265,000 after purchasing an additional 20,445 shares in the last quarter. Moody Aldrich Partners LLC bought a new stake in shares of Hello Group in the 4th quarter worth $131,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Hello Group by 9.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,129 shares of the information services provider’s stock worth $779,000 after buying an additional 9,812 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Hello Group in the fourth quarter valued at $124,000. Finally, Banque Pictet & Cie SA bought a new position in Hello Group during the third quarter valued at about $144,000. 50.96% of the stock is currently owned by institutional investors.

Hello Group Trading Up 0.2 %

Shares of Hello Group stock traded up $0.01 on Tuesday, reaching $5.72. 1,064,594 shares of the company were exchanged, compared to its average volume of 2,172,778. Hello Group Inc. has a fifty-two week low of $5.30 and a fifty-two week high of $11.12. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 4.14 and a beta of 0.68. The company has a current ratio of 3.74, a quick ratio of 3.72 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $6.24 and a 200-day moving average price of $6.56.

Hello Group (NASDAQ:MOMO) last posted its quarterly earnings data on Thursday, March 14th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). Hello Group had a return on equity of 17.23% and a net margin of 16.27%. The company had revenue of $422.95 million for the quarter, compared to analyst estimates of $447.28 million. On average, analysts expect that Hello Group Inc. will post 1.46 EPS for the current year.

Hello Group Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 12th will be given a $0.52 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a dividend yield of 8.97%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MOMO. Benchmark cut their price target on shares of Hello Group from $22.00 to $16.00 and set a “buy” rating for the company in a report on Friday, March 15th. StockNews.com downgraded shares of Hello Group from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.25.

Hello Group Profile

Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. 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.