Triller Group (NASDAQ:ILLR) Trading Down 9.2% – Time to Sell?

Triller Group Inc. (NASDAQ:ILLR) dropped 9.2% on Friday . The company traded as low as $0.6142 and last traded at $0.6220. Approximately 861,721 shares were traded during trading, an increase of 7% from the average daily volume of 803,469 shares. The stock had previously closed at $0.6849.

Triller Group Stock Performance

The firm has a market cap of $101.29 million, a P/E ratio of -0.51 and a beta of -1.87. The stock’s 50-day moving average is $0.58 and its 200 day moving average is $0.66.

Hedge Funds Weigh In On Triller Group

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Triller Group by 329.7% in the third quarter. Vanguard Group Inc. now owns 2,730,920 shares of the company’s stock valued at $2,267,000 after buying an additional 2,095,390 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Triller Group by 1,421.5% during the second quarter. Geode Capital Management LLC now owns 1,364,056 shares of the company’s stock worth $1,269,000 after acquiring an additional 1,274,403 shares during the period. Jones Financial Companies Lllp bought a new stake in Triller Group in the 1st quarter valued at $872,000. Goldman Sachs Group Inc. boosted its stake in Triller Group by 358.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 527,859 shares of the company’s stock worth $412,000 after purchasing an additional 412,758 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its stake in Triller Group by 469.9% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 246,200 shares of the company’s stock worth $192,000 after purchasing an additional 203,000 shares during the period. Institutional investors own 0.04% of the company’s stock.

Triller Group Company Profile

Triller Group (NASDAQ: ILLR) is a publicly traded entertainment and technology company known primarily for its ownership and operation of the Triller social video platform. Launched as a competitor to other short-form video services, Triller offers users tools for video creation, music integration and social sharing. The platform caters to a broad audience of content creators, influencers and music artists, enabling them to produce, edit and distribute short videos directly from mobile devices.

Beyond the core app, Triller Group has diversified into live events, digital media and sports content.