Millennium Management LLC lifted its holdings in shares of Yalla Group Limited (NYSE:YALA - Free Report) by 57.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 585,284 shares of the company's stock after buying an additional 214,625 shares during the period. Millennium Management LLC owned approximately 0.37% of Yalla Group worth $2,376,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets acquired a new stake in shares of Yalla Group during the fourth quarter worth about $1,838,000. QRG Capital Management Inc. boosted its stake in shares of Yalla Group by 14.7% during the fourth quarter. QRG Capital Management Inc. now owns 23,400 shares of the company's stock worth $95,000 after buying an additional 2,996 shares during the period. Blue Trust Inc. boosted its stake in shares of Yalla Group by 29.7% during the fourth quarter. Blue Trust Inc. now owns 40,929 shares of the company's stock worth $166,000 after buying an additional 9,366 shares during the period. Russell Investments Group Ltd. raised its holdings in 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 purchasing an additional 56,046 shares in the last quarter. Finally, Barclays PLC raised its holdings in 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 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 Stock Down 2.9%
NYSE YALA traded down $0.21 during trading hours on Thursday, hitting $6.92. 663,779 shares of the stock were exchanged, compared to its average volume of 475,565. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 9.47 and a beta of 0.82. Yalla Group Limited has a 12-month low of $3.71 and a 12-month high of $8.29. The stock has a 50-day moving average of $6.74 and a 200 day moving average of $5.12.
Yalla Group (NYSE:YALA - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $83.88 million during the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%.
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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