LPL Financial LLC Has $781,000 Position in Hello Group Inc. (NASDAQ:MOMO)

LPL Financial LLC boosted its position in shares of Hello Group Inc. (NASDAQ:MOMO) by 813.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 101,277 shares of the information services provider’s stock after buying an additional 90,186 shares during the quarter. LPL Financial LLC’s holdings in Hello Group were worth $781,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. bought a new position in Hello Group in the fourth quarter valued at about $8,616,000. American Century Companies Inc. grew its position in shares of Hello Group by 4.7% during the 4th quarter. American Century Companies Inc. now owns 912,611 shares of the information services provider’s stock worth $7,036,000 after buying an additional 40,620 shares during the period. Harbour Capital Advisors LLC raised its stake in shares of Hello Group by 86.9% during the fourth quarter. Harbour Capital Advisors LLC now owns 90,085 shares of the information services provider’s stock worth $647,000 after buying an additional 41,875 shares during the last quarter. Caprock Group LLC lifted its holdings in Hello Group by 47.3% in the fourth quarter. Caprock Group LLC now owns 35,763 shares of the information services provider’s stock valued at $276,000 after buying an additional 11,484 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Hello Group by 86.3% during the 4th quarter. SG Americas Securities LLC now owns 30,676 shares of the information services provider’s stock worth $237,000 after acquiring an additional 14,211 shares during the period. 50.96% of the stock is owned by institutional investors and hedge funds.

Hello Group Trading Down 0.4 %

Shares of Hello Group stock opened at $5.48 on Tuesday. Hello Group Inc. has a 12 month low of $4.79 and a 12 month high of $8.38. The company has a market capitalization of $794.05 million, a PE ratio of 5.65, a PEG ratio of 2.07 and a beta of 0.33. The stock’s fifty day simple moving average is $6.71 and its 200 day simple moving average is $6.97.

Hello Group Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.30 per share. This represents a dividend yield of 4.18%. The ex-dividend date is Friday, April 11th.

Analysts Set New Price Targets

Several research firms have recently issued reports on MOMO. Benchmark restated a “buy” rating and issued a $13.00 price target on shares of Hello Group in a research report on Thursday, March 13th. StockNews.com upgraded Hello Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.25.

About Hello Group

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.