State Street Corp Has $2.45 Million Stock Position in Yalla Group Limited (NYSE:YALA)

State Street Corp increased its stake in Yalla Group Limited (NYSE:YALA) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 538,689 shares of the company’s stock after buying an additional 7,924 shares during the quarter. State Street Corp’s holdings in Yalla Group were worth $2,446,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC raised its stake in Yalla Group by 16.4% in the second quarter. Acadian Asset Management LLC now owns 1,894,487 shares of the company’s stock valued at $8,592,000 after buying an additional 267,399 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Yalla Group by 19.4% during the 3rd quarter. GSA Capital Partners LLP now owns 300,462 shares of the company’s stock worth $1,364,000 after acquiring an additional 48,831 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in 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 valued at $599,000 after acquiring an additional 59,378 shares during the period. Blue Trust Inc. lifted its holdings in Yalla Group by 209.0% during the 3rd quarter. Blue Trust Inc. now owns 31,563 shares of the company’s stock valued at $144,000 after purchasing an additional 21,349 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in Yalla Group during the third quarter worth $68,000. 4.73% of the stock is owned by institutional investors.

Yalla Group Price Performance

NYSE:YALA opened at $4.06 on Wednesday. The firm’s fifty day moving average price is $4.25 and its two-hundred day moving average price is $4.26. The company has a market cap of $643.68 million, a P/E ratio of 5.56 and a beta of 1.18. Yalla Group Limited has a one year low of $3.71 and a one year high of $6.15.

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.