11,648 Shares in Yalla Group Limited (NYSE:YALA) Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Yalla Group Limited (NYSE:YALA) during the 4th quarter, Holdings Channel.com reports. The fund acquired 11,648 shares of the company’s stock, valued at approximately $71,000.

A number of other large investors also recently bought and sold shares of YALA. Blue Trust Inc. lifted its stake in Yalla Group by 3,564.8% during the fourth 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. Exchange Traded Concepts LLC acquired a new stake in shares of Yalla Group during the fourth quarter worth $45,000. Legato Capital Management LLC lifted its position in shares of Yalla Group by 72.7% in the 4th quarter. Legato Capital Management LLC now owns 18,124 shares of the company’s stock worth $111,000 after buying an additional 7,628 shares during the last quarter. QRG Capital Management Inc. acquired a new position in shares of Yalla Group in the 3rd quarter valued at about $100,000. Finally, Seizert Capital Partners LLC bought a new stake in shares of Yalla Group during the 3rd quarter valued at about $166,000. Institutional investors own 4.73% of the company’s stock.

Yalla Group Stock Up 2.2 %

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

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

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.