453,634 Shares in Hello Group Inc. Sponsored ADR $MOMO Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans purchased a new stake in shares of Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) during the 3rd quarter, HoldingsChannel reports. The firm purchased 453,634 shares of the information services provider’s stock, valued at approximately $3,366,000.

A number of other large investors have also modified their holdings of MOMO. Raymond James Financial Inc. acquired a new stake in shares of Hello Group during the 2nd quarter valued at about $41,000. Loomis Sayles & Co. L P boosted its position in Hello Group by 322.1% during the second quarter. Loomis Sayles & Co. L P now owns 5,390 shares of the information services provider’s stock worth $45,000 after purchasing an additional 4,113 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Hello Group in the second quarter valued at approximately $126,000. Fox Run Management L.L.C. purchased a new stake in shares of Hello Group in the second quarter valued at approximately $153,000. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Hello Group by 45.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,375 shares of the information services provider’s stock worth $189,000 after buying an additional 7,021 shares during the period. Institutional investors and hedge funds own 50.96% of the company’s stock.

Hello Group Trading Up 1.9%

NASDAQ:MOMO opened at $6.56 on Monday. The company has a market cap of $782.35 million, a P/E ratio of 7.90 and a beta of 0.34. Hello Group Inc. Sponsored ADR has a twelve month low of $5.12 and a twelve month high of $9.22. The company’s 50-day moving average price is $6.75 and its 200-day moving average price is $7.25.

Hello Group (NASDAQ:MOMO) last announced its quarterly earnings data on Wednesday, December 10th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.11. Hello Group had a net margin of 5.96% and a return on equity of 10.07%. The company had revenue of $372.16 million during the quarter, compared to analysts’ expectations of $362.80 million. During the same quarter in the prior year, the company earned $2.70 EPS. Hello Group’s revenue was down .9% compared to the same quarter last year. On average, analysts expect that Hello Group Inc. Sponsored ADR will post 0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MOMO shares. Zacks Research raised shares of Hello Group from a “strong sell” rating to a “hold” rating in a report on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Hello Group in a research note on Monday, December 22nd. Finally, Jefferies Financial Group set a $8.10 price target on shares of Hello Group in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.55.

About Hello Group

Hello Group Inc (NASDAQ: MOMO) is a China-based technology company specializing in mobile social networking and interactive entertainment. Its flagship product, the Momo app, offers location-based social discovery services that enable users to find and connect with new friends based on shared interests and geographic proximity. The platform integrates instant messaging, group chat, and content-sharing features, while also providing premium subscriptions and in-app purchases such as virtual gifts and sticker packs.

In addition to Momo, Hello Group’s portfolio includes Tantan, a dating-focused social app designed to help users build meaningful relationships through profile matching and interest-driven swiping.