Barclays PLC Cuts Stock Position in Yalla Group Limited (NYSE:YALA)

Barclays PLC cut its stake in shares of Yalla Group Limited (NYSE:YALA) by 21.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,460 shares of the company’s stock after selling 9,177 shares during the quarter. Barclays PLC’s holdings in Yalla Group were worth $156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of YALA. GAMMA Investing LLC lifted its holdings in Yalla Group by 145.1% in the 3rd quarter. GAMMA Investing LLC now owns 9,288 shares of the company’s stock worth $42,000 after buying an additional 5,498 shares during the period. Public Employees Retirement System of Ohio bought a new position in Yalla Group during the 3rd quarter valued at approximately $53,000. Walleye Capital LLC bought a new position in Yalla Group during the 3rd quarter valued at approximately $68,000. Blue Trust Inc. increased its holdings in shares of Yalla Group by 209.0% in the 3rd quarter. Blue Trust Inc. now owns 31,563 shares of the company’s stock worth $144,000 after purchasing an additional 21,349 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Yalla Group by 81.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 131,899 shares of the company’s stock worth $599,000 after purchasing an additional 59,378 shares in the last quarter. 4.73% of the stock is currently owned by hedge funds and other institutional investors.

Yalla Group Price Performance

YALA stock opened at $3.91 on Thursday. The company has a market cap of $619.11 million, a P/E ratio of 5.35 and a beta of 1.20. Yalla Group Limited has a 1 year low of $3.71 and a 1 year high of $5.54. The stock’s fifty day moving average price is $4.19 and its 200-day moving average price is $4.21.

Yalla Group (NYSE:YALA) last released its earnings results on Monday, November 11th. The company reported $0.22 earnings per share for the quarter. The company had revenue of $88.92 million for the quarter. Yalla Group had a return on equity of 21.80% and a net margin of 40.72%.

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.