Vident Advisory LLC lifted its stake in shares of Yalla Group Limited (NYSE:YALA - Free Report) by 180.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of YALA. Dynamic Technology Lab Private Ltd purchased a new position in Yalla Group during the fourth quarter worth about $74,000. QRG Capital Management Inc. increased its holdings in shares of Yalla Group by 14.7% during the 4th 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 last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Yalla Group during the 4th quarter worth approximately $99,000. R Squared Ltd purchased a new stake in shares of Yalla Group during the 4th quarter valued at approximately $127,000. Finally, Blue Trust Inc. lifted its holdings in Yalla Group by 29.7% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 4.73% of the company's stock.
Yalla Group Trading Down 1.0%
Yalla Group stock traded down $0.07 during mid-day trading on Thursday, hitting $7.01. The company's stock had a trading volume of 478,721 shares, compared to its average volume of 803,709. The stock's fifty day moving average is $6.59 and its two-hundred day moving average is $5.03. The firm has a market capitalization of $1.11 billion, a PE ratio of 9.60 and a beta of 0.88. Yalla Group Limited has a 1 year low of $3.71 and a 1 year high of $8.29.
Yalla Group (NYSE:YALA - Get Free Report) last issued its quarterly earnings results on Monday, May 19th. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $83.88 million for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%.
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.
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