Triller Group (NASDAQ:ILLR) Releases Quarterly Earnings Results

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

Triller Group Stock Down 0.8%

ILLR traded down $0.01 during midday trading on Thursday, hitting $1.18. 136,312 shares of the company were exchanged, compared to its average volume of 459,093. Triller Group has a 1-year low of $0.01 and a 1-year high of $17.30. The firm’s 50 day moving average price is $1.81 and its 200-day moving average price is $2.04.

Hedge Funds Weigh In On Triller Group

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of Triller Group by 15.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 139,821 shares of the company’s stock valued at $116,000 after purchasing an additional 18,811 shares during the last quarter. Virtu Financial LLC grew its holdings in Triller Group by 267.9% during the 3rd quarter. Virtu Financial LLC now owns 45,741 shares of the company’s stock worth $38,000 after acquiring an additional 33,308 shares during the period. Bank of America Corp DE lifted its stake in shares of Triller Group by 645.3% in the 2nd quarter. Bank of America Corp DE now owns 56,587 shares of the company’s stock valued at $53,000 after purchasing an additional 48,994 shares during the period. Invesco Ltd. bought a new stake in shares of Triller Group during the 2nd quarter valued at about $49,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Triller Group during the 2nd quarter valued at about $52,000. 0.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ILLR shares. Weiss Ratings began coverage on Triller Group in a report on Thursday, June 11th. They issued a “sell (e+)” rating for the company. Wall Street Zen upgraded Triller Group to a “hold” rating in a report on Sunday, July 12th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Triller Group 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.