E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Yalla Group Limited Sponsored ADR (NYSE:YALA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 123,354 shares of the company's stock, valued at approximately $644,000. Yalla Group accounts for approximately 0.6% of E Fund Management Hong Kong Co. Ltd.'s portfolio, making the stock its 23rd largest holding. E Fund Management Hong Kong Co. Ltd. owned approximately 0.08% of Yalla Group at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its position 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 in the last quarter. BNP Paribas Financial Markets bought a new stake in Yalla Group in the fourth quarter valued at $1,838,000. Marshall Wace LLP acquired a new position in Yalla Group during the fourth quarter worth $900,000. Vident Advisory LLC boosted its stake in shares of Yalla Group by 180.3% in the 4th quarter. Vident Advisory LLC now owns 156,823 shares of the company's stock valued at $637,000 after purchasing an additional 100,872 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Yalla Group by 266.5% during the 4th quarter. Barclays PLC now owns 126,292 shares of the company's stock worth $513,000 after purchasing an additional 91,832 shares in the last quarter. Institutional investors and hedge funds own 4.73% of the company's stock.
Yalla Group Trading Up 2.5%
YALA stock traded up $0.17 during trading on Friday, hitting $6.85. 586,788 shares of the stock traded hands, compared to its average volume of 505,383. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 8.89 and a beta of 0.81. Yalla Group Limited Sponsored ADR has a one year low of $3.71 and a one year high of $8.29. The company has a 50 day simple moving average of $7.11 and a 200 day simple moving average of $5.38.
Yalla Group (NYSE:YALA - Get Free Report) last announced its earnings results on Monday, May 19th. The company reported $0.22 earnings per share for the quarter. Yalla Group had a return on equity of 20.67% and a net margin of 40.94%. The company 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.
Further Reading
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
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.
Link copied to clipboard.
