Marshall Wace LLP Purchases New Shares in Yalla Group Limited (NYSE:YALA)

Marshall Wace LLP acquired a new stake in shares of Yalla Group Limited (NYSE:YALA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 221,687 shares of the company's stock, valued at approximately $900,000. Marshall Wace LLP owned 0.14% of Yalla Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. QRG Capital Management Inc. lifted its position in Yalla Group by 14.7% during the fourth quarter. QRG Capital Management Inc. now owns 23,400 shares of the company's stock valued at $95,000 after purchasing an additional 2,996 shares in the last quarter. State Street Corp lifted its position in shares of Yalla Group by 1.5% during the 3rd quarter. State Street Corp now owns 538,689 shares of the company's stock valued at $2,446,000 after buying an additional 7,924 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Yalla Group by 29.7% during the 4th quarter. Blue Trust Inc. now owns 40,929 shares of the company's stock valued at $166,000 after acquiring an additional 9,366 shares during the period. Jump Financial LLC grew its stake in shares of Yalla Group by 36.3% during the 4th quarter. Jump Financial LLC now owns 47,200 shares of the company's stock valued at $192,000 after acquiring an additional 12,571 shares during the period. Finally, GAMMA Investing LLC raised its stake in Yalla Group by 150.3% during the 4th quarter. GAMMA Investing LLC now owns 23,248 shares of the company's stock worth $94,000 after acquiring an additional 13,960 shares during the period. 4.73% of the stock is currently owned by hedge funds and other institutional investors.

Yalla Group Stock Performance

Shares of YALA traded down $0.02 during mid-day trading on Monday, reaching $7.11. The stock had a trading volume of 2,028,454 shares, compared to its average volume of 698,379. The business has a fifty day moving average of $5.51 and a 200 day moving average of $4.63. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 9.74 and a beta of 0.88. Yalla Group Limited has a 12 month low of $3.71 and a 12 month high of $8.29.

Yalla Group (NYSE:YALA - Get Free Report) last issued its earnings results on Monday, March 10th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $90.83 million during the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. During the same period in the prior year, the company posted $0.17 EPS.

Yalla Group Profile

Yalla Group Limited operates a social networking and gaming platform primarily in the Middle East and North Africa region. It provides mobile applications, including Yalla, a voice-centric group chat platform; and Yalla Ludo, a casual gaming application. The company's platform offers group chatting and games services; and sells virtual items, as well as provides upgrade services.