Barclays PLC Reduces Stake in Yalla Group Limited (NYSE:YALA)

Barclays PLC cut its holdings in shares of Yalla Group Limited (NYSE:YALA) by 21.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

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

Yalla Group Stock Up 0.5 %

Shares of YALA stock opened at $4.03 on Wednesday. Yalla Group Limited has a 52-week low of $3.71 and a 52-week high of $5.95. The stock has a market cap of $638.93 million, a PE ratio of 5.52 and a beta of 1.20. The business has a 50-day simple moving average of $4.23 and a 200-day simple moving average of $4.25.

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.