BNP Paribas Financial Markets Makes New Investment in Yalla Group Limited (NYSE:YALA)

BNP Paribas Financial Markets acquired a new position in shares of Yalla Group Limited (NYSE:YALA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 452,690 shares of the company’s stock, valued at approximately $1,838,000. BNP Paribas Financial Markets owned about 0.29% of Yalla Group at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new position in Yalla Group during the fourth quarter worth $74,000. QRG Capital Management Inc. raised its holdings in Yalla Group by 14.7% during the fourth 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. R Squared Ltd acquired a new position in Yalla Group during the fourth quarter worth $127,000. 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 buying an additional 9,366 shares during the last quarter. Finally, Jump Financial LLC raised its holdings in shares of Yalla Group by 36.3% in the fourth quarter. Jump Financial LLC now owns 47,200 shares of the company’s stock valued at $192,000 after purchasing an additional 12,571 shares during the last quarter. Institutional investors and hedge funds own 4.73% of the company’s stock.

Yalla Group Price Performance

Shares of YALA stock opened at $7.86 on Friday. The firm has a 50-day moving average of $6.20 and a 200-day moving average of $4.86. The company has a market cap of $1.24 billion, a P/E ratio of 10.76 and a beta of 0.88. Yalla Group Limited has a one year low of $3.71 and a one year high of $8.29.

Yalla Group (NYSE:YALA) last announced its earnings results on Monday, March 10th. The company reported $0.18 EPS for the quarter. The company 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 quarter in the prior year, the company earned $0.17 EPS.

About Yalla Group

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.