Full Truck Alliance Co. Ltd. (NYSE:YMM) Stake Cut by GAM Holding AG

GAM Holding AG cut its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 58.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,161 shares of the company’s stock after selling 457,632 shares during the period. GAM Holding AG’s holdings in Full Truck Alliance were worth $2,912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in YMM. Mubadala Investment Co PJSC raised its stake in shares of Full Truck Alliance by 45.7% during the 1st quarter. Mubadala Investment Co PJSC now owns 16,776,591 shares of the company’s stock worth $121,966,000 after purchasing an additional 5,263,157 shares in the last quarter. Sylebra Capital LLC purchased a new stake in shares of Full Truck Alliance during the 1st quarter worth about $36,877,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Full Truck Alliance during the 1st quarter worth about $13,854,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Full Truck Alliance by 1,220.8% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,985,200 shares of the company’s stock worth $15,961,000 after purchasing an additional 1,834,900 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Full Truck Alliance during the 3rd quarter worth about $10,814,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Barclays cut their price target on Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd.

Full Truck Alliance Stock Performance

Shares of NYSE YMM opened at $9.17 on Wednesday. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 28.64 and a beta of 0.23. The business’s 50-day simple moving average is $8.09 and its 200-day simple moving average is $8.24. Full Truck Alliance Co. Ltd. has a 52 week low of $5.70 and a 52 week high of $10.29.

Full Truck Alliance (NYSE:YMM) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $380.38 million for the quarter, compared to analyst estimates of $369.24 million. Full Truck Alliance had a return on equity of 7.88% and a net margin of 26.80%. As a group, equities research analysts forecast that Full Truck Alliance Co. Ltd. will post 0.41 earnings per share for the current year.

About Full Truck Alliance

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.