Barclays PLC lifted its holdings in Yalla Group Limited (NYSE:YALA - Free Report) by 266.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 126,292 shares of the company's stock after purchasing an additional 91,832 shares during the period. Barclays PLC owned about 0.08% of Yalla Group worth $513,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new stake in Yalla Group during the fourth quarter valued at approximately $74,000. GAMMA Investing LLC lifted its holdings in shares of Yalla Group by 150.3% during the 4th quarter. GAMMA Investing LLC now owns 23,248 shares of the company's stock valued at $94,000 after purchasing an additional 13,960 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Yalla Group by 14.7% in the 4th quarter. QRG Capital Management Inc. now owns 23,400 shares of the company's stock worth $95,000 after purchasing an additional 2,996 shares in the last quarter. R Squared Ltd purchased a new position in Yalla Group during the 4th quarter worth $127,000. Finally, Blue Trust Inc. increased its position in 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 buying an additional 9,366 shares in the last quarter. 4.73% of the stock is currently owned by institutional investors.
Yalla Group Price Performance
NYSE YALA traded up $0.01 during trading on Friday, hitting $7.18. The company's stock had a trading volume of 1,016,776 shares, compared to its average volume of 407,919. Yalla Group Limited has a fifty-two week low of $3.71 and a fifty-two week high of $8.29. The company has a market cap of $1.13 billion, a PE ratio of 9.84 and a beta of 0.88. The business's 50 day simple moving average is $5.83 and its 200-day simple moving average is $4.73.
Yalla Group (NYSE:YALA - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The company reported $0.18 earnings per share (EPS) for the quarter. The business 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 business posted $0.17 EPS.
About Yalla Group
(
Free Report)
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.
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