Triller Group (NASDAQ:ILLR) Announces Earnings Results

Triller Group (NASDAQ:ILLR) announced its quarterly earnings results on Thursday. The company reported ($1.42) earnings per share for the quarter, Zacks reports.

Triller Group Stock Down 0.8%

ILLR stock traded down $0.01 during trading on Thursday, hitting $1.18. The company had a trading volume of 136,312 shares, compared to its average volume of 2,457,181. The firm has a 50-day moving average price of $1.83 and a 200-day moving average price of $2.03. The firm has a market cap of $23.47 million, a PE ratio of -0.17 and a beta of -1.57. Triller Group has a 1-year low of $0.01 and a 1-year high of $17.30.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Triller Group by 329.7% during the third quarter. Vanguard Group Inc. now owns 2,730,920 shares of the company’s stock worth $2,267,000 after purchasing an additional 2,095,390 shares during the period. New York State Common Retirement Fund acquired a new position in Triller Group in the 2nd quarter valued at $140,000. Geode Capital Management LLC raised its position in Triller Group by 1,421.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,364,056 shares of the company’s stock worth $1,269,000 after buying an additional 1,274,403 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Triller Group by 358.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 527,859 shares of the company’s stock worth $412,000 after buying an additional 412,758 shares during the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Triller Group in the 1st quarter worth $872,000. Institutional investors and hedge funds own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ILLR. Weiss Ratings started coverage on Triller Group in a research report on Thursday, June 11th. They set a “sell (e+)” rating on the stock. Wall Street Zen upgraded Triller Group to a “hold” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Triller Group Company Profile

Triller Group (NASDAQ: ILLR) is a publicly traded entertainment and technology company known primarily for its ownership and operation of the Triller social video platform. Launched as a competitor to other short-form video services, Triller offers users tools for video creation, music integration and social sharing. The platform caters to a broad audience of content creators, influencers and music artists, enabling them to produce, edit and distribute short videos directly from mobile devices.

Beyond the core app, Triller Group has diversified into live events, digital media and sports content.