Momo Inc. (MOMO) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its stake in shares of Momo Inc. (NASDAQ:MOMO) by 11.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 545,699 shares of the information services provider’s stock after buying an additional 55,980 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Momo were worth $20,169,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MOMO. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Momo during the second quarter worth about $101,000. D.A. Davidson & CO. purchased a new position in Momo during the second quarter worth about $136,000. Benjamin F. Edwards & Company Inc. purchased a new position in Momo during the second quarter worth about $155,000. Alta Advisers Ltd purchased a new position in Momo during the second quarter worth about $156,000. Finally, ETF Managers Group LLC purchased a new position in Momo during the second quarter worth about $200,000. 39.15% of the stock is owned by institutional investors.

Momo Inc. (NASDAQ MOMO) traded up 3.72% on Monday, hitting $34.05. 1,966,404 shares of the stock traded hands. Momo Inc. has a 12-month low of $16.73 and a 12-month high of $46.69. The firm’s 50-day moving average price is $34.71 and its 200-day moving average price is $38.46. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 26.71 and a beta of 1.83.

Momo (NASDAQ:MOMO) last posted its earnings results on Tuesday, August 22nd. The information services provider reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The firm had revenue of $312.20 million during the quarter, compared to the consensus estimate of $287.84 million. Momo had a net margin of 27.00% and a return on equity of 38.94%. The company’s revenue for the quarter was up 31120.0% on a year-over-year basis. On average, equities research analysts anticipate that Momo Inc. will post $1.66 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/16/momo-inc-momo-shares-bought-by-public-employees-retirement-system-of-ohio.html.

MOMO has been the subject of several research analyst reports. TheStreet raised shares of Momo from a “c+” rating to a “b” rating in a research note on Monday, August 7th. Jefferies Group LLC reaffirmed a “buy” rating and set a $54.00 target price on shares of Momo in a research note on Tuesday, October 3rd. Vetr lowered shares of Momo from a “strong-buy” rating to a “buy” rating and set a $42.25 target price for the company. in a research note on Monday, September 4th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Momo in a research note on Wednesday, August 30th. They set a “buy” rating and a $56.00 target price for the company. Finally, Standpoint Research initiated coverage on shares of Momo in a research note on Wednesday, August 30th. They set a “buy” rating and a $44.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Momo currently has an average rating of “Buy” and a consensus target price of $41.81.

Momo 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 partne

A number of other hedge funds also recently made changes to their positions in MOMO. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Momo during the second quarter worth about $101,000. D.A. Davidson & CO. purchased a new position in Momo during the second quarter worth about $136,000. Benjamin F. Edwards & Company Inc. purchased a new position in Momo during the second quarter worth about $155,000. Alta Advisers Ltd purchased a new position in Momo during the second quarter worth about $156,000. Finally, ETF Managers Group LLC purchased a new position in Momo during the second quarter worth about $200,000. 39.15% of the stock is owned by institutional investors.

Momo Inc. (NASDAQ MOMO) traded up 3.72% on Monday, hitting $34.05. 1,966,404 shares of the stock traded hands. Momo Inc. has a 12-month low of $16.73 and a 12-month high of $46.69. The firm’s 50-day moving average price is $34.71 and its 200-day moving average price is $38.46. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 26.71 and a beta of 1.83.

Momo (NASDAQ:MOMO) last posted its earnings results on Tuesday, August 22nd. The information services provider reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The firm had revenue of $312.20 million during the quarter, compared to the consensus estimate of $287.84 million. Momo had a net margin of 27.00% and a return on equity of 38.94%. The company’s revenue for the quarter was up 31120.0% on a year-over-year basis. On average, equities research analysts anticipate that Momo Inc. will post $1.66 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/16/momo-inc-momo-shares-bought-by-public-employees-retirement-system-of-ohio.html.

MOMO has been the subject of several research analyst reports. TheStreet raised shares of Momo from a “c+” rating to a “b” rating in a research note on Monday, August 7th. Jefferies Group LLC reaffirmed a “buy” rating and set a $54.00 target price on shares of Momo in a research note on Tuesday, October 3rd. Vetr lowered shares of Momo from a “strong-buy” rating to a “buy” rating and set a $42.25 target price for the company. in a research note on Monday, September 4th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Momo in a research note on Wednesday, August 30th. They set a “buy” rating and a $56.00 target price for the company. Finally, Standpoint Research initiated coverage on shares of Momo in a research note on Wednesday, August 30th. They set a “buy” rating and a $44.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Momo currently has an average rating of “Buy” and a consensus target price of $41.81.

Momo 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.

Institutional Ownership by Quarter for Momo (NASDAQ:MOMO)

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