Public Employees Retirement System of Ohio Takes Position in Hello Group Inc. (NASDAQ:MOMO)

Public Employees Retirement System of Ohio bought a new stake in Hello Group Inc. (NASDAQ:MOMO - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 133,120 shares of the information services provider's stock, valued at approximately $1,013,000. Public Employees Retirement System of Ohio owned approximately 0.09% of Hello Group as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Polunin Capital Partners Ltd bought a new stake in shares of Hello Group during the 2nd quarter valued at about $4,566,000. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Hello Group by 19.4% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 67,812 shares of the information services provider's stock valued at $415,000 after purchasing an additional 11,013 shares during the last quarter. Headlands Technologies LLC raised its position in shares of Hello Group by 856.7% during the 2nd quarter. Headlands Technologies LLC now owns 45,049 shares of the information services provider's stock worth $276,000 after purchasing an additional 40,340 shares during the period. American Century Companies Inc. lifted its holdings in shares of Hello Group by 22.6% in the 2nd quarter. American Century Companies Inc. now owns 721,760 shares of the information services provider's stock worth $4,417,000 after purchasing an additional 133,113 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Hello Group by 20.6% during 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 purchasing an additional 633,746 shares during the period. Institutional investors own 50.96% of the company's stock.

Hello Group Stock Performance

NASDAQ MOMO traded up $0.05 on Friday, reaching $7.35. The company's stock had a trading volume of 1,235,056 shares, compared to its average volume of 1,649,789. The firm's 50 day moving average is $6.96 and its two-hundred day moving average is $6.68. The stock has a market cap of $1.07 billion, a PE ratio of 7.58, a PEG 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.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MOMO. StockNews.com upgraded Hello Group from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th. Citigroup boosted their target price on shares of Hello Group from $5.90 to $7.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Bank of America lowered shares of Hello Group from a "buy" rating to an "underperform" rating in a research note on Wednesday, November 6th. Jefferies Financial Group boosted their price objective 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, Benchmark lowered their target price on Hello Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $8.25.

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.