Atria Wealth Solutions Inc. Makes New Investment in Yalla Group Limited Sponsored ADR $YALA

Atria Wealth Solutions Inc. purchased a new position in Yalla Group Limited Sponsored ADR (NYSE:YALA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,000 shares of the company’s stock, valued at approximately $157,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in shares of Yalla Group by 113.7% during the 4th quarter. Russell Investments Group Ltd. now owns 105,334 shares of the company’s stock valued at $423,000 after buying an additional 56,046 shares during the period. Barclays PLC increased its holdings in Yalla Group by 266.5% during the 4th quarter. Barclays PLC now owns 126,292 shares of the company’s stock worth $513,000 after purchasing an additional 91,832 shares during the last quarter. Walleye Capital LLC increased its holdings in Yalla Group by 615.9% during the 4th quarter. Walleye Capital LLC now owns 107,389 shares of the company’s stock worth $436,000 after purchasing an additional 92,389 shares during the last quarter. Jump Financial LLC increased its holdings in Yalla Group by 36.3% during the 4th quarter. Jump Financial LLC now owns 47,200 shares of the company’s stock worth $192,000 after purchasing an additional 12,571 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Yalla Group during the 4th quarter worth approximately $900,000. 4.73% of the stock is owned by institutional investors and hedge funds.

Yalla Group Price Performance

Shares of Yalla Group stock opened at $7.64 on Monday. The business’s fifty day moving average price is $7.37 and its two-hundred day moving average price is $6.30. The company has a market capitalization of $1.21 billion, a P/E 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) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.20 EPS for the quarter. Yalla Group had a return on equity of 20.64% and a net margin of 42.02%. The company had revenue of $84.56 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Yalla Group from a “buy” rating to a “hold” rating in a research 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.