BNP Paribas Financial Markets Buys Shares of 452,690 Yalla Group Limited (NYSE:YALA)

BNP Paribas Financial Markets purchased a new position in shares of Yalla Group Limited (NYSE:YALA) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 452,690 shares of the company’s stock, valued at approximately $1,838,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. QRG Capital Management Inc. raised its stake in Yalla Group by 14.7% in the 4th quarter. QRG Capital Management Inc. now owns 23,400 shares of the company’s stock valued at $95,000 after acquiring an additional 2,996 shares during the period. Blue Trust Inc. increased its stake in shares of Yalla Group by 29.7% in the fourth quarter. Blue Trust Inc. now owns 40,929 shares of the company’s stock worth $166,000 after purchasing an additional 9,366 shares in the last quarter. Jump Financial LLC raised its position 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 period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Yalla Group in the fourth quarter valued at approximately $74,000. Finally, R Squared Ltd purchased a new stake in shares of Yalla Group during the 4th quarter valued at approximately $127,000. Institutional investors own 4.73% of the company’s stock.

Yalla Group Trading Up 1.2%

YALA opened at $7.86 on Friday. Yalla Group Limited has a 12 month low of $3.71 and a 12 month high of $8.29. The company has a market cap of $1.24 billion, a PE ratio of 10.76 and a beta of 0.88. The company has a 50 day moving average of $6.20 and a 200 day moving average of $4.86.

Yalla Group (NYSE:YALA) last posted its earnings results on Monday, March 10th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $90.83 million for the quarter. Yalla Group had a return on equity of 21.80% and a net margin of 40.72%. During the same quarter in the prior year, the company earned $0.17 EPS.

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.