OVERSEA CHINESE BANKING Corp Ltd Takes $71,000 Position in Yalla Group Limited (NYSE:YALA)

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Yalla Group Limited (NYSE:YALA) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 11,648 shares of the company’s stock, valued at approximately $71,000.

Other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Yalla Group by 19.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,398 shares of the company’s stock valued at $425,000 after acquiring an additional 11,270 shares during the period. Blue Trust Inc. grew its position in Yalla Group by 3,564.8% during the 4th quarter. Blue Trust Inc. now owns 4,691 shares of the company’s stock worth $29,000 after purchasing an additional 4,563 shares during the last quarter. Legato Capital Management LLC increased its stake in Yalla Group by 72.7% in the fourth quarter. Legato Capital Management LLC now owns 18,124 shares of the company’s stock valued at $111,000 after purchasing an additional 7,628 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of Yalla Group in the fourth quarter valued at about $45,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Yalla Group during the third quarter worth about $541,000. Institutional investors and hedge funds own 4.73% of the company’s stock.

Yalla Group Stock Up 2.2 %

NYSE YALA opened at $4.62 on Tuesday. The business’s 50-day moving average price is $4.90 and its 200 day moving average price is $5.35. The firm has a market cap of $720.67 million, a P/E ratio of 7.22 and a beta of 1.22. Yalla Group Limited has a 52-week low of $3.41 and a 52-week high of $6.44.

Yalla Group (NYSE:YALA) last released its earnings results on Monday, March 11th. The company reported $0.17 earnings per share (EPS) for the quarter. Yalla Group had a return on equity of 22.83% and a net margin of 36.80%. The business had revenue of $80.93 million for the quarter.

About Yalla Group

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.