Polunin Capital Partners Ltd Has $6.64 Million Stock Holdings in Hello Group Inc. Sponsored ADR $MOMO

Polunin Capital Partners Ltd raised its position in Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) by 25.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 889,369 shares of the information services provider’s stock after acquiring an additional 182,874 shares during the period. Hello Group makes up about 1.0% of Polunin Capital Partners Ltd’s holdings, making the stock its 13th largest position. Polunin Capital Partners Ltd’s holdings in Hello Group were worth $6,644,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Hello Group in the 2nd quarter worth about $41,000. Loomis Sayles & Co. L P raised its stake in shares of Hello Group by 322.1% in 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 during the last quarter. Nomura Holdings Inc. bought a new position in shares of Hello Group in the first quarter valued at approximately $63,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Hello Group during the second quarter valued at approximately $85,000. Finally, Wellington Management Group LLP bought a new stake in Hello Group during the first quarter worth $120,000. 50.96% of the stock is owned by institutional investors.

Hello Group Stock Performance

MOMO opened at $6.54 on Wednesday. The firm has a market cap of $779.96 million, a P/E ratio of 7.88 and a beta of 0.31. Hello Group Inc. Sponsored ADR has a fifty-two week low of $5.12 and a fifty-two week high of $9.22. The firm has a 50-day moving average of $6.90 and a 200 day moving average of $7.67.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MOMO. Weiss Ratings restated a “hold (c+)” rating on shares of Hello Group in a research note on Monday, December 8th. Wall Street Zen lowered shares of Hello Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Zacks Research upgraded shares of Hello Group from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Jefferies Financial Group set a $8.10 price objective on shares of Hello Group in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Hello Group has a consensus rating of “Hold” and a consensus target price of $10.55.

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.