Yalla Group (NYSE:YALA) Trading Up 3.4%

Shares of Yalla Group Limited (NYSE:YALA) were up 3.4% during mid-day trading on Friday . The company traded as high as $5.18 and last traded at $5.17. Approximately 80,366 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 192,040 shares. The stock had previously closed at $5.00.

Yalla Group Price Performance

The company has a market capitalization of $801.78 million, a PE ratio of 10.28 and a beta of 1.36. The company has a 50-day moving average of $5.07 and a two-hundred day moving average of $4.37.

Yalla Group (NYSE:YALA) last posted its quarterly earnings results on Monday, August 14th. The company reported $0.16 EPS for the quarter. The business had revenue of $79.25 million for the quarter. Yalla Group had a return on equity of 20.06% and a net margin of 29.66%.

Institutional Trading of Yalla Group

Large investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its position in shares of Yalla Group by 209.1% during the second quarter. Renaissance Technologies LLC now owns 852,000 shares of the company’s stock worth $3,323,000 after purchasing an additional 576,318 shares in the last quarter. Barclays PLC increased its position in shares of Yalla Group by 97.3% in the 1st quarter. Barclays PLC now owns 862,114 shares of the company’s stock valued at $3,397,000 after acquiring an additional 425,075 shares during the period. Wellington Management Group LLP increased its position in shares of Yalla Group by 62.9% in the 1st quarter. Wellington Management Group LLP now owns 753,441 shares of the company’s stock valued at $3,375,000 after acquiring an additional 291,012 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Yalla Group by 279.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 318,827 shares of the company’s stock valued at $183,000 after acquiring an additional 234,758 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Yalla Group in the 3rd quarter valued at $717,000. Hedge funds and other institutional investors own 4.73% of the company’s stock.

Yalla Group Company Profile

Yalla Group Limited operates a social networking and entertainment 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.