DGS Capital Management LLC Decreases Stock Position in Hello Group Inc. (NASDAQ:MOMO)

DGS Capital Management LLC trimmed its position in shares of Hello Group Inc. (NASDAQ:MOMO) by 36.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,780 shares of the information services provider’s stock after selling 10,017 shares during the period. DGS Capital Management LLC’s holdings in Hello Group were worth $137,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in shares of Hello Group by 86.3% in the 4th quarter. SG Americas Securities LLC now owns 30,676 shares of the information services provider’s stock valued at $237,000 after purchasing an additional 14,211 shares in the last quarter. Kathmere Capital Management LLC increased its stake in shares of Hello Group by 30.1% in the fourth quarter. Kathmere Capital Management LLC now owns 14,717 shares of the information services provider’s stock worth $113,000 after buying an additional 3,407 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Hello Group in the fourth quarter valued at $8,616,000. Harbour Capital Advisors LLC boosted its stake in Hello Group by 86.9% during the 4th quarter. Harbour Capital Advisors LLC now owns 90,085 shares of the information services provider’s stock valued at $647,000 after acquiring an additional 41,875 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in Hello Group during the 3rd quarter worth $138,000. Institutional investors and hedge funds own 50.96% of the company’s stock.

Analyst Ratings Changes

MOMO has been the subject of a number of research reports. Citigroup lifted their price target on Hello Group from $5.90 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. StockNews.com upgraded Hello Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Bank of America cut Hello Group from a “buy” rating to an “underperform” rating in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $8.25.

Hello Group Trading Up 3.1 %

Shares of NASDAQ MOMO opened at $7.33 on Monday. Hello Group Inc. has a 12-month low of $4.79 and a 12-month high of $8.19. The stock’s 50 day simple moving average is $7.09 and its 200 day simple moving average is $6.92. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 1.85 and a beta of 0.48.

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.