Arrowstreet Capital Limited Partnership Has $13.35 Million Position in Yalla Group Limited Sponsored ADR $YALA

Arrowstreet Capital Limited Partnership lifted its holdings in Yalla Group Limited Sponsored ADR (NYSE:YALA) by 1,075.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,981,119 shares of the company’s stock after buying an additional 1,812,642 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Yalla Group were worth $13,353,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in Yalla Group in the first quarter valued at approximately $61,000. Retireful LLC acquired a new stake in shares of Yalla Group during the second quarter worth $75,000. GAMMA Investing LLC raised its holdings in shares of Yalla Group by 10.0% during the second quarter. GAMMA Investing LLC now owns 17,927 shares of the company’s stock worth $121,000 after acquiring an additional 1,635 shares during the period. SBI Securities Co. Ltd. lifted its position in Yalla Group by 1,200.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 20,304 shares of the company’s stock valued at $137,000 after acquiring an additional 18,743 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new position in Yalla Group in the 1st quarter worth $157,000. 4.73% of the stock is currently owned by institutional investors and hedge funds.

Yalla Group Price Performance

Shares of NYSE YALA opened at $7.06 on Tuesday. The business has a 50-day moving average of $7.18 and a 200-day moving average of $7.34. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 8.71 and a beta of 0.23. Yalla Group Limited Sponsored ADR has a fifty-two week low of $3.83 and a fifty-two week high of $9.29.

Yalla Group (NYSE:YALA) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.23 earnings per share (EPS) for the quarter. Yalla Group had a return on equity of 20.06% and a net margin of 42.29%.The company had revenue of $89.64 million for the quarter.

Analysts Set New Price Targets

YALA has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Yalla Group in a research note on Wednesday, October 8th. Wall Street Zen downgraded Yalla Group from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Yalla Group currently has a consensus rating of “Hold”.

About Yalla Group

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.