Harbour Capital Advisors LLC Acquires 41,875 Shares of Hello Group Inc. (NASDAQ:MOMO)

Harbour Capital Advisors LLC boosted its stake in shares of Hello Group Inc. (NASDAQ:MOMO) by 86.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,085 shares of the information services provider’s stock after buying an additional 41,875 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Hello Group were worth $647,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC bought a new stake in Hello Group in the third quarter valued at approximately $138,000. Public Employees Retirement System of Ohio bought a new stake in shares of Hello Group in the 3rd quarter valued at $1,013,000. XTX Topco Ltd increased its position in shares of Hello Group by 95.1% during the third quarter. XTX Topco Ltd now owns 52,720 shares of the information services provider’s stock worth $401,000 after buying an additional 25,700 shares during the period. Quadrature Capital Ltd increased its position in shares of Hello Group by 40.2% during the third quarter. Quadrature Capital Ltd now owns 69,492 shares of the information services provider’s stock worth $528,000 after buying an additional 19,909 shares during the period. Finally, Polymer Capital Management HK LTD bought a new position in Hello Group during the third quarter worth $894,000. 50.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on MOMO shares. StockNews.com raised shares of Hello Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Citigroup upped their target price on Hello Group from $5.90 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Bank of America cut Hello Group from a “buy” rating to an “underperform” rating in a report on Wednesday, November 6th. 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 company’s stock. Based on data from MarketBeat.com, Hello Group has a consensus rating of “Hold” and a consensus target price of $8.25.

Hello Group Stock Performance

Shares of Hello Group stock traded up $0.04 during trading hours on Monday, reaching $6.74. The company’s stock had a trading volume of 586,673 shares, compared to its average volume of 829,298. The company has a market capitalization of $976.62 million, a P/E ratio of 6.95, a P/E/G ratio of 2.40 and a beta of 0.48. The stock’s fifty day simple moving average is $7.06 and its two-hundred day simple moving average is $6.86. Hello Group Inc. has a one year low of $4.79 and a one year high of $8.19.

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.