Yalla Group (NYSE:YALA) Sees Unusually-High Trading Volume – Here’s What Happened

Posted by Patrick Bannon on Feb 21st, 2025

Yalla Group Limited (NYSE:YALA – Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 379,504 shares changed hands during trading, an increase of 147% from the previous session’s volume of 153,472 shares.The stock last traded at $4.26 and had previously closed at $4.34.

Yalla Group Stock Down 2.3 %

The stock’s 50-day moving average price is $4.09 and its 200 day moving average price is $4.16. The firm has a market cap of $672.06 million, a price-to-earnings ratio of 5.78 and a beta of 1.19.

Institutional Trading of Yalla Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased its stake in Yalla Group by 1.5% in the third quarter. State Street Corp now owns 538,689 shares of the company’s stock valued at $2,446,000 after acquiring an additional 7,924 shares during the period. Blue Trust Inc. increased its stake in Yalla Group by 209.0% in the third quarter. Blue Trust Inc. now owns 31,563 shares of the company’s stock valued at $144,000 after acquiring an additional 21,349 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Yalla Group by 27.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 168,065 shares of the company’s stock valued at $682,000 after acquiring an additional 36,166 shares during the period. GAMMA Investing LLC increased its stake in Yalla Group by 150.3% in the fourth quarter. GAMMA Investing LLC now owns 23,248 shares of the company’s stock valued at $94,000 after acquiring an additional 13,960 shares during the period. Finally, DGS Capital Management LLC increased its stake in Yalla Group by 109.0% in the third quarter. DGS Capital Management LLC now owns 76,785 shares of the company’s stock valued at $349,000 after acquiring an additional 40,050 shares during the period. Institutional investors own 4.73% of the company’s stock.

Yalla Group Company Profile

(Get Free Report)

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.