Free Trial

E Fund Management Co. Ltd. Takes $644,000 Position in Yalla Group Limited Sponsored ADR (NYSE:YALA)

Yalla Group logo with Computer and Technology background

Key Points

  • E Fund Management Co. Ltd. has acquired a new stake in Yalla Group Limited, purchasing 123,354 shares valued at approximately $644,000.
  • Other institutional investors such as Millennium Management and Vident Advisory have significantly increased their holdings in Yalla Group, indicating rising interest among hedge funds.
  • Yalla Group's stock performance shows a current price of $8.13, with a market cap of $1.29 billion and a 52-week trading range between $3.72 and $9.29.
  • Want stock alerts on Yalla Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

E Fund Management Co. Ltd. acquired a new stake in shares of Yalla Group Limited Sponsored ADR (NYSE:YALA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 123,354 shares of the company's stock, valued at approximately $644,000. E Fund Management Co. Ltd. owned about 0.08% of Yalla Group as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Millennium Management LLC increased its holdings in shares of Yalla Group by 57.9% during the 4th quarter. Millennium Management LLC now owns 585,284 shares of the company's stock valued at $2,376,000 after acquiring an additional 214,625 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Yalla Group during the 4th quarter valued at about $1,838,000. Marshall Wace LLP acquired a new position in shares of Yalla Group during the 4th quarter valued at about $900,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Yalla Group by 13.4% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 190,606 shares of the company's stock valued at $995,000 after acquiring an additional 22,541 shares during the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of Yalla Group by 180.3% during the 4th quarter. Vident Advisory LLC now owns 156,823 shares of the company's stock valued at $637,000 after acquiring an additional 100,872 shares during the last quarter. Institutional investors and hedge funds own 4.73% of the company's stock.

Yalla Group Stock Performance

Shares of NYSE YALA opened at $8.13 on Thursday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 10.16 and a beta of 0.80. The business's 50-day simple moving average is $7.34 and its 200-day simple moving average is $6.22. Yalla Group Limited Sponsored ADR has a 52 week low of $3.72 and a 52 week high of $9.29.

Yalla Group (NYSE:YALA - Get Free Report) last released its earnings results on Monday, August 11th. The company reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $84.56 million for the quarter. Yalla Group had a return on equity of 20.91% and a net margin of 42.02%.

Yalla Group Profile

(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.

Read More

Want to see what other hedge funds are holding YALA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yalla Group Limited Sponsored ADR (NYSE:YALA - Free Report).

Institutional Ownership by Quarter for Yalla Group (NYSE:YALA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Yalla Group Right Now?

Before you consider Yalla Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Yalla Group wasn't on the list.

While Yalla Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Stocks With Explosive Upside
September Slowdown: 3 Stocks to Buy When the Pullback Comes
3 Overlooked Stocks Riding the AI Data Center Boom

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines