Triller Group (NASDAQ:ILLR) Issues Quarterly Earnings Results

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

Triller Group Price Performance

Triller Group stock traded down $0.01 during trading hours on Thursday, hitting $1.18. The stock had a trading volume of 136,312 shares, compared to its average volume of 2,457,181. Triller Group has a 1-year low of $0.01 and a 1-year high of $17.30. The stock has a market capitalization of $23.47 million, a price-to-earnings ratio of -0.17 and a beta of -1.57. The stock’s fifty day moving average is $1.83 and its two-hundred day moving average is $2.03.

Institutional Investors Weigh In On Triller Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Triller Group by 329.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,730,920 shares of the company’s stock valued at $2,267,000 after acquiring an additional 2,095,390 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Triller Group in the second quarter valued at approximately $140,000. Geode Capital Management LLC increased its stake in shares of 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 purchasing an additional 1,274,403 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of 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 purchasing an additional 412,758 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new stake in Triller Group in the 1st quarter valued at approximately $872,000. 0.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wall Street Zen upgraded Triller Group to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings initiated coverage on shares of Triller Group in a report on Thursday, June 11th. They issued a “sell (e+)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus 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.