The Top Three Holders Of Momo Inc. (MOMO)

Momo Inc. (NASDAQ:MOMO) reached 105.5% versus a 1-year low price of $16.73. The stock was last seen 4.72% higher, reaching at $34.38 on Oct. 16, 2017. At recent session, the prices were hovering between $33.1 and $34.69. This company shares are 41.71% off its target price of $48.72 and the current market capitalization stands at $6.66B. The recent change has given its price a -7.5% deficit over SMA 50 and -26.37% deficit over its 52-week high. The stock witnessed -5.99% declines, -18.14% declines and -6.5% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MOMO’s volatility during a week at 3.76% and during a month it has been found around 3.41%.

Momo Inc. (MOMO) Top Holders

Institutional investors currently hold around $2.52 billion or 41.2% in MOMO stock. Look at its top three institutional owners. Alibaba Group Holding Ltd owns $164.15 million in Momo Inc., which represents roughly 2.46% of the company’s market cap and approximately 6.51% of the institutional ownership. Similar statistics are true for the second largest owner, Light Street Capital Management, Llc, which owns 4,800,000 shares of the stock are valued at $157.58 million. The third largest holder is Acadian Asset Management Llc, which currently holds $157.39 million worth of this stock and that ownership represents nearly 2.36% of its market capitalization.

Momo Inc. 13F Filings

At the end of June reporting period, 164 institutional holders increased their position in Momo Inc. (NASDAQ:MOMO) by some 30,074,559 shares, 84 decreased positions by 23,645,043 and 12 held positions by 23,082,059. That puts total institutional holdings at 76,801,661 shares, according to SEC filings. The stock grabbed 97 new institutional investments totaling 10,144,720 shares while 43 institutional investors sold out their entire positions totaling 9,193,817 shares.

Momo Inc. (MOMO) Analyst Guide

Several analysts have released their opinion on Momo Inc. (NASDAQ:MOMO), with 3 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.5 average brokerage recommendation.

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