42,427 Shares in Yalla Group Limited Sponsored ADR (NYSE:YALA) Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd acquired 42,427 shares of Yalla Group Limited, valued at approximately $221,000, as reported in its recent 13F filing.
• Yalla Group's stock trades at $8.31, with a 12-month high of $9.29 and a market cap of $1.31 billion.
• The company reported an earnings per share (EPS) of $0.20 with revenue of $84.56 million and a net margin of 42.02% for the recent quarter.

XTX Topco Ltd acquired a new position in Yalla Group Limited Sponsored ADR (NYSE:YALA - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 42,427 shares of the company's stock, valued at approximately $221,000.

Several other large investors also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new stake in shares of Yalla Group in the fourth quarter valued at approximately $1,838,000. Marshall Wace LLP acquired a new stake in shares of Yalla Group in the 4th quarter worth $900,000. Millennium Management LLC raised its holdings 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 worth $2,376,000 after acquiring an additional 214,625 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Yalla Group during the 1st quarter valued at about $644,000. Finally, Vident Advisory LLC grew its holdings in shares of Yalla Group by 180.3% in the fourth 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 during the period. 4.73% of the stock is currently owned by hedge funds and other institutional investors.

Yalla Group Trading Down 1.9%

Yalla Group stock traded down $0.15 during mid-day trading on Friday, hitting $7.64. The company's stock had a trading volume of 631,041 shares, compared to its average volume of 833,870. The stock's fifty day moving average is $7.37 and its two-hundred day moving average is $6.28. The firm has a market capitalization of $1.21 billion, a PE ratio of 9.55 and a beta of 0.80. Yalla Group Limited Sponsored ADR has a 1 year low of $3.73 and a 1 year high of $9.29.

Yalla Group (NYSE:YALA - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported $0.20 earnings per share for the quarter. Yalla Group had a net margin of 42.02% and a return on equity of 20.64%. The company had revenue of $84.56 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Yalla Group from a "buy" rating to a "hold" rating in a report on Saturday.

Yalla Group Profile

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.