Hello Group Inc. (NASDAQ:MOMO) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its holdings in Hello Group Inc. (NASDAQ:MOMO - Free Report) by 24.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,849 shares of the information services provider's stock after selling 48,449 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.10% of Hello Group worth $1,171,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MOMO. SBI Securities Co. Ltd. purchased a new stake in Hello Group during the 4th quarter worth about $35,000. Blue Trust Inc. raised its holdings in Hello Group by 62.3% in the 4th quarter. Blue Trust Inc. now owns 6,287 shares of the information services provider's stock valued at $48,000 after acquiring an additional 2,414 shares during the last quarter. Kathmere Capital Management LLC raised its holdings in 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 valued at $113,000 after acquiring an additional 3,407 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Hello Group during the third quarter worth $138,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Hello Group in the fourth quarter valued at $148,000. 50.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. 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. Citigroup raised their target price on shares of Hello Group from $5.90 to $7.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Finally, StockNews.com lowered shares of Hello Group from a "buy" rating to a "hold" rating in a research report on Wednesday. Two investment analysts have 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 MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $8.25.

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Hello Group Trading Down 2.6 %

MOMO traded down $0.16 during trading on Thursday, hitting $6.11. 674,518 shares of the company's stock were exchanged, compared to its average volume of 1,381,192. Hello Group Inc. has a 1 year low of $4.79 and a 1 year high of $8.38. The stock has a 50 day moving average price of $7.23 and a 200 day moving average price of $7.12. The firm has a market cap of $885.33 million, a P/E ratio of 6.30, a price-to-earnings-growth ratio of 2.07 and a beta of 0.44.

Hello Group Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be issued 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.