Athos Capital Ltd Invests $47.36 Million in Hello Group Inc. Sponsored ADR $MOMO

Athos Capital Ltd acquired a new stake in Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,230,359 shares of the information services provider’s stock, valued at approximately $47,359,000. Hello Group makes up about 18.3% of Athos Capital Ltd’s holdings, making the stock its 2nd biggest holding. Athos Capital Ltd owned approximately 6.06% of Hello Group at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MOMO. Goldman Sachs Group Inc. boosted its stake in Hello Group by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 8,127,428 shares of the information services provider’s stock valued at $51,284,000 after buying an additional 546,048 shares in the last quarter. Geode Capital Management LLC boosted its stake in Hello Group by 4.1% in the second quarter. Geode Capital Management LLC now owns 279,901 shares of the information services provider’s stock valued at $2,362,000 after buying an additional 10,944 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Hello Group by 111.0% in the second quarter. JPMorgan Chase & Co. now owns 315,918 shares of the information services provider’s stock valued at $2,666,000 after buying an additional 166,227 shares in the last quarter. Legal & General Group Plc boosted its stake in Hello Group by 31.7% in the second quarter. Legal & General Group Plc now owns 39,861 shares of the information services provider’s stock valued at $336,000 after buying an additional 9,597 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Hello Group by 231.1% in the second quarter. Hsbc Holdings PLC now owns 38,864 shares of the information services provider’s stock valued at $329,000 after buying an additional 27,125 shares in the last quarter. 50.96% of the stock is owned by institutional investors and hedge funds.

Hello Group Trading Up 0.5%

Shares of MOMO stock opened at $5.51 on Friday. The business’s 50-day moving average price is $6.04 and its 200-day moving average price is $6.38. Hello Group Inc. Sponsored ADR has a 12 month low of $5.38 and a 12 month high of $9.22. The firm has a market capitalization of $592.71 million, a price-to-earnings ratio of 8.61 and a beta of 0.46.

Hello Group Cuts Dividend

The company also recently declared an annual dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were paid a dividend of $0.28 per share. This represents a dividend yield of 475.0%. The ex-dividend date of this dividend was Friday, April 10th.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. UBS Group set a $10.00 price objective on Hello Group in a research note on Thursday, June 4th. Benchmark reaffirmed a “buy” rating on shares of Hello Group in a research note on Thursday, June 4th. Finally, Weiss Ratings lowered Hello Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Hello Group presently has a consensus rating of “Hold” and a consensus target price of $9.05.

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.