Momo Inc (NASDAQ:MOMO) Shares Sold by Bluefin Trading LLC

Bluefin Trading LLC lowered its holdings in Momo Inc (NASDAQ:MOMO) by 81.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,513 shares of the information services provider’s stock after selling 29,140 shares during the quarter. Bluefin Trading LLC’s holdings in Momo were worth $233,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its position in shares of Momo by 55.6% in the first quarter. Advisors Asset Management Inc. now owns 2,014 shares of the information services provider’s stock valued at $77,000 after buying an additional 720 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of 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 valued at $136,000 after buying an additional 1,818 shares in the last quarter. NumerixS Investment Technologies Inc increased its position in shares of Momo by 44.8% in the first quarter. NumerixS Investment Technologies Inc now owns 4,200 shares of the information services provider’s stock valued at $158,000 after buying an additional 1,300 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Momo in the first quarter valued at $204,000. Finally, Financial Counselors Inc. purchased a new position in shares of Momo in the first quarter valued at $221,000. 60.92% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on MOMO. ValuEngine upgraded Momo from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Citigroup upgraded Momo from a “neutral” rating to a “buy” rating and raised their price target for the company from $34.00 to $40.00 in a research report on Tuesday, May 28th. Nomura raised their price target on Momo from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Zacks Investment Research cut Momo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 3rd. Finally, Jefferies Financial Group began coverage on Momo in a research report on Monday, August 5th. They issued a “buy” rating and a $40.40 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $39.91.

Momo stock traded down $1.08 during midday trading on Friday, reaching $35.28. 1,711,347 shares of the company were exchanged, compared to its average volume of 3,035,878. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 18.00 and a beta of 2.25. The firm’s 50-day simple moving average is $33.73 and its 200-day simple moving average is $34.02. Momo Inc has a 1 year low of $22.85 and a 1 year high of $47.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.03 and a current ratio of 6.03.

Momo (NASDAQ:MOMO) last posted its quarterly earnings data on Tuesday, August 27th. The information services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.07). The company had revenue of $604.90 million for the quarter, compared to analysts’ expectations of $584.68 million. Momo had a return on equity of 21.74% and a net margin of 14.68%. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 EPS. On average, analysts forecast that Momo Inc will post 1.49 EPS for the current fiscal year.

About Momo

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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