Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Sold by Krane Funds Advisors LLC

Krane Funds Advisors LLC cut its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 99.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 233,756 shares of the company’s stock after selling 27,215,222 shares during the quarter. Full Truck Alliance makes up approximately 1.8% of Krane Funds Advisors LLC’s portfolio, making the stock its 12th biggest position. Krane Funds Advisors LLC’s holdings in Full Truck Alliance were worth $2,106,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Atomi Financial Group Inc. increased its holdings in shares of Full Truck Alliance by 12.4% in the 2nd quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock valued at $97,000 after acquiring an additional 1,329 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Full Truck Alliance by 34.0% during the first quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company’s stock worth $98,000 after purchasing an additional 3,421 shares in the last quarter. Tobam acquired a new position in shares of Full Truck Alliance in the 2nd quarter valued at $35,000. Blue Trust Inc. purchased a new position in shares of Full Truck Alliance in the 2nd quarter valued at $38,000. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Full Truck Alliance by 29.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,969 shares of the company’s stock valued at $209,000 after acquiring an additional 5,847 shares during the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Full Truck Alliance Price Performance

Shares of NYSE:YMM opened at $8.68 on Friday. The stock has a market cap of $9.15 billion, a P/E ratio of 24.80 and a beta of 0.23. Full Truck Alliance Co. Ltd. has a 1-year low of $5.70 and a 1-year high of $10.29. The firm has a fifty day moving average price of $8.03 and a 200 day moving average price of $8.21.

Full Truck Alliance (NYSE:YMM) last announced its earnings results on Wednesday, August 21st. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. Full Truck Alliance had a net margin of 26.80% and a return on equity of 7.88%. The business had revenue of $380.38 million during the quarter, compared to the consensus estimate of $369.24 million. Sell-side analysts expect that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current fiscal year.

Full Truck Alliance Company Profile

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.