UBS Group AG Decreases Stake in Momo Inc (NASDAQ:MOMO)

UBS Group AG lowered its position in Momo Inc (NASDAQ:MOMO) by 22.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 421,575 shares of the information services provider’s stock after selling 120,853 shares during the quarter. UBS Group AG owned approximately 0.21% of Momo worth $15,092,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in Momo by 92.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,794 shares of the information services provider’s stock worth $136,000 after acquiring an additional 1,818 shares during the last quarter. NumerixS Investment Technologies Inc lifted its stake in Momo by 44.8% in the first quarter. NumerixS Investment Technologies Inc now owns 4,200 shares of the information services provider’s stock worth $158,000 after acquiring an additional 1,300 shares during the last quarter. CSat Investment Advisory L.P. purchased a new position in Momo in the second quarter worth approximately $155,000. Campbell & CO Investment Adviser LLC purchased a new position in Momo in the first quarter worth approximately $204,000. Finally, US Bancorp DE lifted its stake in Momo by 5.9% in the second quarter. US Bancorp DE now owns 6,223 shares of the information services provider’s stock worth $223,000 after acquiring an additional 349 shares during the last quarter. Institutional investors own 58.46% of the company’s stock.

MOMO has been the subject of several recent analyst reports. BidaskClub upgraded shares of Momo from a “sell” rating to a “hold” rating in a research report on Wednesday, August 28th. Zacks Investment Research downgraded shares of Momo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 3rd. Jefferies Financial Group initiated coverage on shares of Momo in a research report on Monday, August 5th. They set a “buy” rating and a $40.40 price objective for the company. Finally, ValuEngine upgraded shares of Momo from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Momo presently has a consensus rating of “Buy” and a consensus price target of $39.91.

Shares of NASDAQ:MOMO opened at $33.40 on Friday. The company has a market capitalization of $6.93 billion, a PE ratio of 17.04 and a beta of 2.22. The company has a current ratio of 6.03, a quick ratio of 6.03 and a debt-to-equity ratio of 0.43. Momo Inc has a twelve month low of $22.85 and a twelve month high of $41.50. The firm has a 50 day simple moving average of $34.19 and a 200-day simple moving average of $33.87.

Momo (NASDAQ:MOMO) last released its quarterly earnings results on Tuesday, August 27th. The information services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.07). Momo had a net margin of 14.68% and a return on equity of 21.74%. The business had revenue of $604.90 million during the quarter, compared to analysts’ expectations of $584.68 million. During the same quarter last year, the company earned $0.66 EPS. The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. As a group, equities research analysts predict that Momo Inc will post 1.49 EPS for the current fiscal year.

Momo Company Profile

Momo Inc operates a mobile-based social and entertainment platform in the People's Republic of China. The company operates Momo platform that includes its Momo mobile application and various related features, functionalities, tools, and services to users, customers, and platform partners. It offers Momo mobile application that enables users to establish and expand their social relationships based on locations; interests; and recreational activities, including live talent shows, short videos, social games, and other video- and audio-based interactive experiences.

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Institutional Ownership by Quarter for Momo (NASDAQ:MOMO)

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