5 Best Dividend Stocks to Buy According to Billionaire Kerr Neilson

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1. Momo Inc. (NASDAQ: MOMO)

Neilson’s Stake Value: $86,000
Percentage of Kerr Neilson’s 13F Portfolio: 0.001%
Dividend Yield: 9.98%
No. of Hedge Fund Holders: 24

Momo Inc. (NASDAQ: MOMO) is a mobile-based entertainment and social services company in China. On March 25, 2021, the company reported its Q4 2020 financial results and FY 2020 results. During the fourth quarter of 2020, MOMO’s net revenue came in at US$581.6 million, indicating a 19% drop on YoY basis. Net income attributable to the company was reported at RMB651.5 million, or US$99.8 million, reflecting a decrease from RMB1,055.9 from the previous year. 

Citi analysts gave a “Buy” rating to MOMO, upgraded from “Neutral,” and has set a price target of $19.30.

You can also take a peek at 10 Best High-Yield Dividend Stocks to Buy According to Billionaire George Soros and 10 Best Monthly Dividend Stocks in 2021.

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