The Capital Fund Management S.A. Purchases Shares of 35,238 Momo Inc (MOMO)

The Capital Fund Management S.A. Purchases Shares of 35,238 Momo Inc (MOMO)

Several other large investors also recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC acquired a new position in shares of Momo during the first quarter valued at approximately $201,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Momo during the first quarter valued at about $219,000. Guggenheim Capital LLC raised its stake in shares of Momo by 15.0% in the fourth quarter. Guggenheim Capital LLC now owns 51,012 shares of the information services provider’s stock valued at $938,000 after buying an additional 6,654 shares in the last quarter. Advisors Preferred LLC purchased a new stake in shares of Momo during the third quarter valued at about $155,000. Finally, Sheets Smith Wealth Management purchased a new stake in shares of Momo during the first quarter valued at about $287,000. Hedge funds and other institutional investors own 14.76% of the company’s stock.

Capital Fund Management S.A. purchased a new stake in shares of Momo Inc (NASDAQ:MOMO) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 35,238 shares of the information services provider’s stock, valued at approximately $1,201,000.

Shares of Momo Inc (NASDAQ:MOMO) opened at 38.07 on Monday. The company’s 50-day moving average price is $39.06 and its 200 day moving average price is $28.80. Momo Inc has a 52 week low of $8.88 and a 52 week high of $45.95. The company has a market cap of $7.42 billion, a P/E ratio of 35.25 and a beta of 1.86.

Momo (NASDAQ:MOMO) last posted its earnings results on Tuesday, May 23rd. The information services provider reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.12. Momo had a return on equity of 56.73% and a net margin of 33.50%. The business had revenue of $265.20 million for the quarter, compared to analysts’ expectations of $245.48 million. The business’s revenue for the quarter was up 421.0% compared to the same quarter last year. Equities research analysts anticipate that Momo Inc will post $1.58 earnings per share for the current fiscal year. MOMO has been the subject of several recent research reports. TheStreet upgraded Momo from a “c” rating to a “b-” rating in a research report on Thursday, April 13th. Jefferies Group LLC began coverage on Momo in a report on Wednesday, February 8th. They set a “buy” rating and a $30.00 target price for the company. Vetr upgraded Momo from a “hold” rating to a “buy” rating and set a $36.45 target price for the company in a report on Monday, March 20th. Instinet assumed coverage on Momo in a report on Monday, February 13th. They issued a “buy” rating and a $34.00 price objective for the company. Finally, Nomura reiterated a “buy” rating and issued a $43.00 price objective on shares of Momo in a report on Wednesday, April 12th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Momo presently has an average rating of “Buy” and a consensus price target of $39.82.

About Momo 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MOMO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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