Russell Investments Group Ltd. boosted its position in shares of Yalla Group Limited (NYSE:YALA - Free Report) by 113.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 105,334 shares of the company's stock after purchasing an additional 56,046 shares during the quarter. Russell Investments Group Ltd. owned about 0.07% of Yalla Group worth $423,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. QRG Capital Management Inc. lifted its stake in shares of Yalla Group by 14.7% in the 4th quarter. QRG Capital Management Inc. now owns 23,400 shares of the company's stock worth $95,000 after purchasing an additional 2,996 shares during the period. State Street Corp raised its stake in Yalla Group by 1.5% during the 3rd quarter. State Street Corp now owns 538,689 shares of the company's stock worth $2,446,000 after acquiring an additional 7,924 shares during the period. Blue Trust Inc. raised 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 worth $166,000 after acquiring an additional 9,366 shares during the period. GAMMA Investing LLC raised its stake in Yalla Group by 150.3% during the 4th quarter. GAMMA Investing LLC now owns 23,248 shares of the company's stock worth $94,000 after acquiring an additional 13,960 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Yalla Group during the 4th quarter worth approximately $74,000. 4.73% of the stock is owned by hedge funds and other institutional investors.
Yalla Group Trading Down 5.2 %
NYSE YALA traded down $0.42 on Tuesday, reaching $7.61. 728,438 shares of the stock were exchanged, compared to its average volume of 350,296. Yalla Group Limited has a one year low of $3.71 and a one year high of $8.28. The firm has a market capitalization of $1.21 billion, a PE ratio of 10.52 and a beta of 0.96. The company's 50-day simple moving average is $5.24 and its two-hundred day simple moving average is $4.54.
Yalla Group (NYSE:YALA - Get Free Report) last posted its earnings results on Monday, March 10th. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $90.83 million during the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. During the same period last year, the business posted $0.17 earnings per share.
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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