Triller Group (NASDAQ:ILLR) Announces Quarterly Earnings Results

Triller Group (NASDAQ:ILLR) issued its quarterly earnings results on Wednesday. The company reported ($0.16) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $5.03 million for the quarter.

Triller Group Stock Down 11.3%

Shares of Triller Group stock traded down $0.03 on Thursday, reaching $0.21. 143,064 shares of the stock were exchanged, compared to its average volume of 691,186. The business has a 50 day moving average price of $0.21 and a two-hundred day moving average price of $0.30. The firm has a market capitalization of $41.67 million, a price-to-earnings ratio of -0.26 and a beta of -1.64. Triller Group has a twelve month low of $0.00 and a twelve month high of $1.73.

Institutional Trading of Triller Group

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in shares of Triller Group by 15.5% during the third quarter. JPMorgan Chase & Co. now owns 139,821 shares of the company’s stock worth $116,000 after purchasing an additional 18,811 shares during the last quarter. Virtu Financial LLC raised its stake in shares of Triller Group by 267.9% during the 3rd quarter. Virtu Financial LLC now owns 45,741 shares of the company’s stock valued at $38,000 after buying an additional 33,308 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Triller Group by 645.3% in the 2nd quarter. Bank of America Corp DE now owns 56,587 shares of the company’s stock valued at $53,000 after buying an additional 48,994 shares during the period. Invesco Ltd. acquired a new position in shares of Triller Group in the 2nd quarter valued at about $49,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Triller Group in the second quarter worth about $52,000. 0.04% of the stock is owned by hedge funds and other institutional investors.

About Triller Group

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.