Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in Yalla Group Limited (NYSE:YALA)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Yalla Group Limited (NYSE:YALA) by 19.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,398 shares of the company’s stock after buying an additional 11,270 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Yalla Group were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in YALA. Seizert Capital Partners LLC acquired a new position in Yalla Group during the third quarter worth about $166,000. Jump Financial LLC raised its position in Yalla Group by 181.6% during the third quarter. Jump Financial LLC now owns 41,700 shares of the company’s stock worth $219,000 after acquiring an additional 26,890 shares during the last quarter. QRG Capital Management Inc. acquired a new position in Yalla Group during the third quarter worth about $100,000. Acadian Asset Management LLC acquired a new position in Yalla Group during the third quarter worth about $918,000. Finally, Quadrature Capital Ltd acquired a new position in 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 Trading Up 0.9 %

Shares of YALA opened at $4.72 on Friday. The stock has a market cap of $736.27 million, a P/E ratio of 7.38 and a beta of 1.22. The company has a 50-day moving average of $4.89 and a two-hundred day moving average of $5.33. Yalla Group Limited has a 12-month low of $3.41 and a 12-month high of $6.44.

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

Yalla Group Profile

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.