Vident Advisory LLC lifted its position in Yalla Group Limited (NYSE:YALA - Free Report) by 180.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,823 shares of the company's stock after acquiring an additional 100,872 shares during the period. Vident Advisory LLC owned 0.10% of Yalla Group worth $637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new stake in shares of Yalla Group in the fourth quarter worth approximately $1,838,000. QRG Capital Management Inc. boosted its stake in shares of Yalla Group by 14.7% in the fourth quarter. QRG Capital Management Inc. now owns 23,400 shares of the company's stock worth $95,000 after acquiring an additional 2,996 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Yalla Group by 29.7% in the fourth quarter. Blue Trust Inc. now owns 40,929 shares of the company's stock worth $166,000 after acquiring an additional 9,366 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Yalla Group by 113.7% in the fourth quarter. Russell Investments Group Ltd. now owns 105,334 shares of the company's stock worth $423,000 after acquiring an additional 56,046 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Yalla Group by 266.5% in the fourth quarter. Barclays PLC now owns 126,292 shares of the company's stock worth $513,000 after acquiring an additional 91,832 shares during the last quarter. 4.73% of the stock is owned by institutional investors and hedge funds.
Yalla Group Stock Performance
Shares of NYSE:YALA remained flat at $6.91 during trading on Friday. The stock had a trading volume of 289,813 shares, compared to its average volume of 463,143. The stock has a fifty day moving average of $6.63 and a two-hundred day moving average of $5.05. The company has a market cap of $1.09 billion, a PE ratio of 9.46 and a beta of 0.88. Yalla Group Limited has a 12-month low of $3.71 and a 12-month high of $8.29.
Yalla Group (NYSE:YALA - Get Free Report) last released its quarterly earnings data on Monday, May 19th. The company reported $0.22 earnings per share for the quarter. The company had revenue of $83.88 million for the quarter. Yalla Group had a return on equity of 21.80% and a net margin of 40.72%.
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
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
