Renaissance Technologies LLC has recently announced that it has increased stake in Hello Group Inc ADR (NASDAQ:MOMO) by 7.48%. After grabbing 9.91 million shares, the institutional investor is now in possession of 0.69 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 6.68% having worth around $68.85 million. Moreover, Invesco Asset Management Ltd. increased its share by 0.14 million to have a control over 9.63 million shares. And Acadian Asset Management LLC raised its holdings to 0.2 million shares by acquiring 5.84 million shares or 3.94% of the stake.
Hello Group Inc ADR (MOMO) concluded trading on Wednesday at a closing price of $6.01, with 3.02 million shares of worth about $18.13 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -42.54% during that period and On Wednesday, January 24 the price saw a loss of about -1.31%. Currently the company’s common shares owned by public are about 149.76M shares, out of which, 149.69M shares are available for trading.
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Invesco Funds – Global Consumer T, R Valor Fund, and Vanguard Emerging Markets Stock I are the top 3 mutual funds which are holding stakes in Hello Group Inc ADR Invesco Funds – Global Consumer T is currently holding 9.44 million shares of worth totaling $65.58 million. The company recently came selling -0.13 million shares which brought its stake up to 6.36% of the company’s outstanding shares. Vanguard Emerging Markets Stock I, after buying 1.94 million shares, have now control over 1.31% of the stake in the company. It holds 0.0 shares of worth $13.47 million.
However, the stock later moved at a day high price of 6.18, or with a loss of -1.31%. Stock saw a price change of -6.09% in past 5 days and over the past one month there was a price change of -14.99%. Year-to-date (YTD), MOMO shares are showing a performance of -13.53% which decreased to -35.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.82 but also hit the highest price of $11.12 during that period. The average intraday trading volume for Hello Group Inc ADR shares is 1.19 million. The stock is currently trading -8.33% below its 20-day simple moving average (SMA20), while that difference is down -10.99% for SMA50 and it goes to -25.90% lower than SMA200.
Renaissance Technologies LLC acquired 9.91 million shares of Hello Group Inc ADR having value of about $68.85 million. Data submitted at the U.S SEC by Renaissance Technologies LLC revealed that the firm now holds 0.69 million shares in the company valued at close to $4142909.36, or have control over 7.48% stake in the company. Hello Group Inc ADR (NASDAQ: MOMO) currently have 149.76M outstanding shares and institutions hold larger chunk of about 80.20% of that. Holding of mutual funds in the company is about 27.91% while other institutional holders and individual stake holders have control over 45.85% and — of the stake respectively.
The stock has a current market capitalization of $900.06M and its 3Y-monthly beta is at 0.68. PE ratio of stock for trailing 12 months is 4.52, while it has posted earnings per share of $1.33 in the same period. Its PEG reads 3.08 and has Quick Ratio of 3.72 while making debt-to-equity ratio of 0.20. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MOMO, volatility over the week remained 3.52% while standing at 3.11% over the month.
Analysts are in expectations that Hello Group Inc ADR (MOMO) stock would likely to be making an EPS of $Airspan Networks Holdings Inc. in the current quarter, while forecast for next quarter EPS is $0.18 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Hello Group Inc. which is $Domo, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $VanEck Agribusiness ETF in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 40.04% while it is estimated to decrease by -1.28% in next year. EPS is likely to grow at an annualized rate of 1.47% for next 5-years, compared to annual growth of -8.48% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on April 28, 2023 offering a Buy rating for the stock and assigned a target price range of between $4.80 and $12.50 to it.
