BNP Paribas Financial Markets bought a new position in shares of Yalla Group Limited (NYSE:YALA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 452,690 shares of the company's stock, valued at approximately $1,838,000. BNP Paribas Financial Markets owned approximately 0.29% of Yalla Group as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Marshall Wace LLP purchased a new stake in shares of Yalla Group during the fourth quarter worth $900,000. Jump Financial LLC grew its holdings in shares of Yalla Group by 36.3% during the fourth quarter. Jump Financial LLC now owns 47,200 shares of the company's stock worth $192,000 after buying an additional 12,571 shares in the last quarter. Walleye Capital LLC grew its holdings in shares of Yalla Group by 615.9% during the fourth quarter. Walleye Capital LLC now owns 107,389 shares of the company's stock worth $436,000 after buying an additional 92,389 shares in the last quarter. Barclays PLC grew its holdings in shares of Yalla Group by 266.5% during the fourth quarter. Barclays PLC now owns 126,292 shares of the company's stock worth $513,000 after buying an additional 91,832 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Yalla Group by 113.7% during the fourth quarter. Russell Investments Group Ltd. now owns 105,334 shares of the company's stock worth $423,000 after buying an additional 56,046 shares in the last quarter. Hedge funds and other institutional investors own 4.73% of the company's stock.
Yalla Group Stock Down 7.6%
Shares of Yalla Group stock traded down $0.59 during trading hours on Friday, reaching $7.16. 1,206,525 shares of the company's stock were exchanged, compared to its average volume of 456,441. Yalla Group Limited has a 1 year low of $3.71 and a 1 year high of $8.29. The company has a market capitalization of $1.13 billion, a P/E ratio of 9.81 and a beta of 0.88. The business has a fifty day moving average of $6.48 and a two-hundred day moving average of $4.97.
Yalla Group (NYSE:YALA - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The company reported $0.22 earnings per share (EPS) for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. The firm had revenue of $83.88 million during the quarter.
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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