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Millennium Management LLC Increases Holdings in Yalla Group Limited (NYSE:YALA)

Yalla Group logo with Computer and Technology background

Millennium Management LLC increased its position in Yalla Group Limited (NYSE:YALA - Free Report) by 57.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 585,284 shares of the company's stock after purchasing 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 large investors also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Yalla Group in the 4th quarter worth $74,000. QRG Capital Management Inc. lifted its stake in Yalla Group by 14.7% during the 4th quarter. QRG Capital Management Inc. now owns 23,400 shares of the company's stock valued at $95,000 after acquiring an additional 2,996 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Yalla Group during the 4th quarter valued at $99,000. Blue Trust Inc. lifted its stake 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 acquiring an additional 9,366 shares in the last quarter. Finally, Jump Financial LLC lifted its stake in Yalla Group by 36.3% during the 4th quarter. Jump Financial LLC now owns 47,200 shares of the company's stock valued at $192,000 after acquiring an additional 12,571 shares in the last quarter. 4.73% of the stock is currently owned by institutional investors.

Yalla Group Stock Down 2.0%

NYSE:YALA traded down $0.14 during trading hours on Thursday, hitting $6.98. 111,138 shares of the company traded hands, compared to its average volume of 472,402. The firm's 50-day simple moving average is $6.74 and its 200-day simple moving average is $5.12. Yalla Group Limited has a one year low of $3.71 and a one year high of $8.29. The company has a market cap of $1.10 billion, a PE ratio of 9.57 and a beta of 0.82.

Yalla Group (NYSE:YALA - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The company reported $0.22 earnings per share for the quarter. Yalla Group had a return on equity of 21.80% and a net margin of 40.72%. The business had revenue of $83.88 million for the quarter.

Yalla Group Company 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.

Further Reading

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

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