Russell Investments Group Ltd. grew its position in shares of Yalla Group Limited (NYSE:YALA - Free Report) by 113.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 105,334 shares of the company's stock after acquiring an additional 56,046 shares during the quarter. Russell Investments Group Ltd. owned about 0.07% of Yalla Group worth $423,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in Yalla Group in the fourth quarter worth about $74,000. GAMMA Investing LLC boosted its holdings in shares of Yalla Group by 150.3% in the fourth quarter. GAMMA Investing LLC now owns 23,248 shares of the company's stock valued at $94,000 after acquiring an additional 13,960 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Yalla Group by 14.7% during the fourth 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 during the period. R Squared Ltd acquired a new position in shares of Yalla Group during the fourth quarter valued at approximately $127,000. Finally, Blue Trust Inc. raised its holdings in Yalla Group by 29.7% during the fourth quarter. Blue Trust Inc. now owns 40,929 shares of the company's stock worth $166,000 after purchasing an additional 9,366 shares in the last quarter. Institutional investors and hedge funds own 4.73% of the company's stock.
Yalla Group Stock Performance
Shares of YALA stock traded up $0.22 during mid-day trading on Monday, hitting $7.98. 1,701,215 shares of the stock traded hands, compared to its average volume of 345,574. The company's 50-day simple moving average is $5.16 and its 200-day simple moving average is $4.52. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 10.91 and a beta of 0.96. Yalla Group Limited has a twelve month low of $3.71 and a twelve month high of $8.13.
Yalla Group (NYSE:YALA - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The company reported $0.18 earnings per share for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. The company had revenue of $90.83 million during the quarter. During the same quarter last year, the business posted $0.17 EPS.
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.
See Also
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
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
