Caxton Associates LP Buys New Holdings in Hello Group Inc. (NASDAQ:MOMO)

Caxton Associates LP bought a new stake in Hello Group Inc. (NASDAQ:MOMO - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 429,391 shares of the information services provider's stock, valued at approximately $2,628,000. Caxton Associates LP owned about 0.30% of Hello Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Acadian Asset Management LLC raised its stake in shares of Hello Group by 26.4% in the first quarter. Acadian Asset Management LLC now owns 7,377,789 shares of the information services provider's stock worth $45,781,000 after acquiring an additional 1,538,632 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Hello Group by 14.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,274,996 shares of the information services provider's stock valued at $29,711,000 after buying an additional 555,602 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hello Group by 20.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,716,809 shares of the information services provider's stock valued at $22,736,000 after buying an additional 633,746 shares during the period. LSV Asset Management raised its position in shares of Hello Group by 33.5% during the first quarter. LSV Asset Management now owns 2,277,629 shares of the information services provider's stock worth $14,144,000 after acquiring an additional 571,840 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its stake in shares of Hello Group by 994.2% during the first quarter. Jupiter Asset Management Ltd. now owns 1,617,308 shares of the information services provider's stock valued at $10,043,000 after acquiring an additional 1,469,500 shares during the period. 50.96% of the stock is owned by institutional investors and hedge funds.

Hello Group Stock Performance

NASDAQ:MOMO traded up $0.25 on Thursday, hitting $7.20. The company's stock had a trading volume of 3,619,972 shares, compared to its average volume of 1,798,856. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.17. Hello Group Inc. has a one year low of $4.79 and a one year high of $7.74. The stock has a fifty day moving average of $6.63 and a two-hundred day moving average of $6.21. The firm has a market capitalization of $1.04 billion, a P/E ratio of 6.53, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MOMO. Benchmark dropped their price objective on Hello Group from $15.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, September 4th. Jefferies Financial Group upped their price objective on shares of Hello Group from $6.50 to $7.00 and gave the company a "buy" rating in a research report on Tuesday, September 3rd. Citigroup cut their price target on shares of Hello Group from $6.40 to $5.70 and set a "neutral" rating on the stock in a research note on Wednesday, May 29th. StockNews.com raised shares of Hello Group from a "sell" rating to a "hold" rating in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. cut shares of Hello Group from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $13.00 to $6.00 in a research report on Monday, June 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Hello Group has an average rating of "Hold" and an average target price of $7.93.

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.