Polunin Capital Partners Ltd Lowers Stake in Hello Group Inc. (NASDAQ:MOMO)

Polunin Capital Partners Ltd trimmed its position in Hello Group Inc. (NASDAQ:MOMO) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 726,195 shares of the information services provider’s stock after selling 19,900 shares during the quarter. Hello Group accounts for approximately 1.3% of Polunin Capital Partners Ltd’s portfolio, making the stock its 13th largest holding. Polunin Capital Partners Ltd owned about 0.50% of Hello Group worth $5,526,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. increased its holdings in Hello Group by 472.1% in the 3rd quarter. Blue Trust Inc. now owns 3,873 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 3,196 shares in the last quarter. Platinum Investment Management Ltd. raised its holdings in shares of Hello Group by 110.0% during the 1st quarter. Platinum Investment Management Ltd. now owns 8,971 shares of the information services provider’s stock valued at $56,000 after buying an additional 4,700 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in Hello Group during the 2nd quarter worth approximately $68,000. Kathmere Capital Management LLC purchased a new position in Hello Group in the 2nd quarter worth approximately $74,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Hello Group during the second quarter valued at approximately $87,000. 50.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MOMO shares. Benchmark decreased their target price on shares of Hello Group from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Jefferies Financial Group lifted their target price on Hello Group from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, StockNews.com raised Hello Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Hello Group has a consensus rating of “Hold” and a consensus price target of $7.93.

Hello Group Stock Up 1.0 %

NASDAQ:MOMO traded up $0.07 during mid-day trading on Friday, reaching $6.89. The stock had a trading volume of 384,282 shares, compared to its average volume of 1,765,781. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.55 and a quick ratio of 2.55. The company has a market capitalization of $998.36 million, a price-to-earnings ratio of 6.89, a price-to-earnings-growth ratio of 2.16 and a beta of 0.54. Hello Group Inc. has a 1-year low of $4.79 and a 1-year high of $8.19. The stock’s 50 day simple moving average is $6.86 and its two-hundred day simple moving average is $6.36.

Hello Group (NASDAQ:MOMO) last posted its quarterly earnings results on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $2.13. Hello Group had a net margin of 12.40% and a return on equity of 12.09%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period last year, the firm posted $0.39 EPS. The company’s revenue for the quarter was down 14.2% on a year-over-year basis. Equities analysts anticipate that Hello Group Inc. will post 0.73 EPS for the current year.

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.