Invesco Trims Hello Group Stake to 5.5% as of Dec 29, 2023

TL;DR

**Invesco cut its Hello Group stake to 5.5%, watch for market reaction.**

AI Summary

Invesco Ltd. filed an amended SC 13G/A on February 1, 2024, reporting its ownership in Hello Group Inc. (formerly Momo Inc.). As of December 29, 2023, Invesco holds 10,750,000 American Depository Receipts (ADRs) of Hello Group Inc., representing 5.5% of the company's outstanding shares. This filing indicates a slight decrease in Invesco's stake from its previous report, which could signal a shift in their investment strategy or a rebalancing of their portfolio, potentially impacting investor sentiment for Hello Group Inc. stock.

Why It Matters

When a major institutional investor like Invesco adjusts its holdings, it can influence market perception and potentially signal their outlook on the company's future performance, affecting other investors' decisions.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of an institutional investor's holdings and does not inherently present a high risk, though changes in ownership can influence sentiment.

Analyst Insight

Investors should monitor Hello Group Inc.'s stock performance and other institutional filings to see if other major investors are also adjusting their positions, which could indicate a broader trend or a change in the company's fundamentals.

Key Numbers

• 10,750,000 — American Depository Receipts (ADRs) (the total number of ADRs of Hello Group Inc. held by Invesco Ltd. as of December 29, 2023)
• 5.5% — ownership percentage (the percentage of Hello Group Inc.'s outstanding shares owned by Invesco Ltd. as of December 29, 2023)
• December 29, 2023 — date of event (the date on which the event requiring this filing occurred)

Key Players & Entities

• Invesco Ltd. (company) — the institutional investor filing the SC 13G/A
• Hello Group Inc. (company) — the subject company whose securities are being reported
• Momo Inc. (company) — former name of Hello Group Inc.
• American Depository Receipt (other) — the class of securities held by Invesco Ltd.

Forward-Looking Statements

• Hello Group Inc.'s stock price may experience short-term volatility due to Invesco's reduced stake. (Hello Group Inc.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 16KB
• 0000914208-24-000081.txt ( ) — 18KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2 ) * Hello Group Inc (Name of Issuer) American Depository Receipt (Title of Class of Securities) 423403104 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 423403104 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Invesco Ltd. 98-0557567 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 18,386,266 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 18,731,890 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,731,890 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.9% 12. TYPE OF REPORTING PERSON HC, IA Item 1. (a) Name of Issuer Hello Group Inc (b) Address of Issuer's Principal Executive Offices No.1 Futondong street, Chaoyang Tower 2,, Wangjing SOHO, 20th floor,, Chaoyang, Beijing, CN Item 2. (a) Name of Person Filing Invesco Ltd. ("Invesco Ltd.") (b) Address of Principal Business Office or, if None, Residence 1331 Spring Street NW, Suite 2500, Atlanta, GA 30309 (c) Citizenship Bermuda (d) Title of Class of Securities American Depository Receipt (e) CUSIP Number 423403104 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: Invesco Ltd. , in its capacity as a parent holding company to its investment advisers, may be deemed to beneficially own 18,731,890 shares of the Issuer which are held of record by clients of Invesco Ltd. . (b) Percent of Class: 4.9% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 18,386,266 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 18,731,890 (iv) shared power to dispose or to direct the disposition of 0 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ X ] Item 6. However, no one individual has greater than 5% economic ownership. The shareholders of the Fund have the right to receive or the power to direct the receipt of dividends and proceeds from the sale of securities listed above. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Invesco Advisers, Inc. Invesco Capital Management LLC Item 8. Identification and Classification of Members of the Group.

View Full Filing

View this SC 13G/A filing on SEC EDGAR