KBC Group NV Has $513,000 Holdings in Hello Group Inc. (NASDAQ:MOMO)

KBC Group NV raised its position in shares of Hello Group Inc. (NASDAQ:MOMO) by 439.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,412 shares of the information services provider’s stock after purchasing an additional 54,920 shares during the period. KBC Group NV’s holdings in Hello Group were worth $513,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised its position in Hello Group by 472.1% during the third quarter. Blue Trust Inc. now owns 3,873 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 3,196 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Hello Group in the second quarter worth $68,000. Kathmere Capital Management LLC acquired a new position in Hello Group during the second quarter worth $74,000. Vanguard Personalized Indexing Management LLC bought a new position in Hello Group during the second quarter valued at about $87,000. Finally, SG Americas Securities LLC acquired a new stake in Hello Group in the 3rd quarter worth approximately $125,000. 50.96% of the stock is currently owned by institutional investors and hedge funds.

Hello Group Price Performance

Shares of MOMO opened at $6.84 on Tuesday. The stock has a market cap of $991.12 million, a P/E ratio of 6.84, a price-to-earnings-growth ratio of 2.05 and a beta of 0.54. Hello Group Inc. has a 1 year low of $4.79 and a 1 year high of $8.19. The stock’s 50-day moving average price is $6.98 and its two-hundred day moving average price is $6.51. 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 (NASDAQ:MOMO) last issued its quarterly earnings data on Tuesday, September 3rd. The information services provider reported $2.38 EPS for the quarter, topping the consensus estimate of $0.25 by $2.13. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.67 billion. Hello Group had a return on equity of 12.09% and a net margin of 12.40%. The firm’s revenue was down 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. On average, equities analysts predict that Hello Group Inc. will post 0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

MOMO has been the topic of a number of research analyst reports. Bank of America lowered Hello Group from a “buy” rating to an “underperform” rating in a report on Wednesday, November 6th. StockNews.com raised shares of Hello Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Jefferies Financial Group increased their price target on shares of Hello Group from $6.50 to $7.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, Benchmark dropped their price objective on shares of Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.93.

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.