Credit Suisse AG grew its stake in shares of Momo Inc (NASDAQ:MOMO) by 39.9% during the third quarter, Holdings Channel reports. The institutional investor owned 490,377 shares of the information services provider’s stock after purchasing an additional 139,791 shares during the quarter. Credit Suisse AG’s holdings in Momo were worth $21,477,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. OLD National Bancorp IN bought a new position in shares of Momo during the third quarter valued at about $201,000. Engineers Gate Manager LP bought a new position in shares of Momo during the third quarter valued at about $201,000. WINTON GROUP Ltd bought a new position in shares of Momo during the third quarter valued at about $211,000. Liberty Mutual Group Asset Management Inc. bought a new position in shares of Momo during the second quarter valued at about $213,000. Finally, MML Investors Services LLC bought a new position in shares of Momo during the third quarter valued at about $217,000. 53.23% of the stock is currently owned by hedge funds and other institutional investors.
Momo stock opened at $31.35 on Monday. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.21. The stock has a market cap of $6.25 billion, a PE ratio of 20.49, a PEG ratio of 0.64 and a beta of 1.88. Momo Inc has a 1-year low of $22.49 and a 1-year high of $54.24.
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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 videos, short videos, social games, and other video- and audio-based interactive experiences.
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