Two Sigma Securities LLC reduced its holdings in shares of Momo Inc (NASDAQ:MOMO) by 53.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,699 shares of the information services provider’s stock after selling 10,145 shares during the quarter. Two Sigma Securities LLC’s holdings in Momo were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of MOMO. Arrowstreet Capital Limited Partnership increased its holdings in Momo by 362.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,705,009 shares of the information services provider’s stock valued at $66,219,000 after acquiring an additional 2,119,450 shares in the last quarter. Boston Partners purchased a new position in Momo during the 4th quarter valued at about $39,239,000. JPMorgan Chase & Co. increased its holdings in Momo by 33.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,102,447 shares of the information services provider’s stock valued at $165,524,000 after acquiring an additional 1,283,287 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT Ltd increased its holdings in Momo by 565.0% during the 4th quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 1,286,800 shares of the information services provider’s stock valued at $31,501,000 after acquiring an additional 1,093,300 shares in the last quarter. Finally, Capital Fund Management S.A. increased its holdings in Momo by 51.6% during the 4th quarter. Capital Fund Management S.A. now owns 2,144,602 shares of the information services provider’s stock valued at $52,500,000 after acquiring an additional 729,818 shares in the last quarter. Hedge funds and other institutional investors own 38.45% of the company’s stock.
Several research firms have weighed in on MOMO. Deutsche Bank set a $46.00 target price on shares of Momo and gave the company a “buy” rating in a report on Wednesday, March 7th. Vetr downgraded shares of Momo from a “strong-buy” rating to a “buy” rating and set a $40.05 target price for the company. in a report on Thursday, March 8th. BidaskClub upgraded shares of Momo from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Zacks Investment Research upgraded shares of Momo from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Finally, Citigroup began coverage on shares of Momo in a report on Tuesday, February 20th. They set a “buy” rating and a $40.00 target price for the company. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Momo currently has a consensus rating of “Buy” and a consensus target price of $41.70.
Shares of Momo stock opened at $37.20 on Monday. The company has a market cap of $7,410.72, a PE ratio of 24.16 and a beta of 1.68. Momo Inc has a twelve month low of $22.49 and a twelve month high of $46.69.
Momo (NASDAQ:MOMO) last issued its quarterly earnings results on Wednesday, March 7th. The information services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.11. Momo had a net margin of 24.17% and a return on equity of 36.58%. The business had revenue of $386.40 million during the quarter, compared to the consensus estimate of $381.17 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 57.0% compared to the same quarter last year. analysts expect that Momo Inc will post 1.91 EPS for the current fiscal year.
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Momo Company Profile
Momo Inc is a holding company. The Company operates Momo, a mobile-based social networking platform. The Company’s Momo platform includes its Momo mobile application and a range of related features, functionalities, tools and services that it provides to users, customers and platform partners. Momo users can maintain their relationships through its private and group communication tools, content creation and sharing functions, as well as the offline social activities promoted on its platform.
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