Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Sold by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. cut its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 24.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 479,466 shares of the company’s stock after selling 156,434 shares during the quarter. Full Truck Alliance comprises approximately 1.0% of TB Alternative Assets Ltd.’s portfolio, making the stock its 22nd largest holding. TB Alternative Assets Ltd.’s holdings in Full Truck Alliance were worth $4,320,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Blue Trust Inc. increased its stake in Full Truck Alliance by 109.5% in the third quarter. Blue Trust Inc. now owns 9,999 shares of the company’s stock valued at $90,000 after purchasing an additional 5,226 shares during the period. Perpetual Ltd increased its stake in shares of Full Truck Alliance by 0.6% during the third quarter. Perpetual Ltd now owns 1,864,459 shares of the company’s stock worth $16,799,000 after acquiring an additional 10,626 shares during the period. SG Americas Securities LLC acquired a new position in shares of Full Truck Alliance during the third quarter worth about $10,814,000. Maple Brown Abbott Ltd acquired a new position in shares of Full Truck Alliance during the third quarter worth about $517,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Full Truck Alliance by 1,220.8% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,985,200 shares of the company’s stock worth $15,961,000 after acquiring an additional 1,834,900 shares during the period. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Full Truck Alliance Stock Up 2.3 %

Shares of Full Truck Alliance stock opened at $8.88 on Monday. Full Truck Alliance Co. Ltd. has a 52-week low of $5.70 and a 52-week high of $10.29. The company’s 50-day simple moving average is $8.06 and its 200-day simple moving average is $8.23. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 25.37 and a beta of 0.23.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings data on Wednesday, August 21st. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $380.38 million for the quarter, compared to the consensus estimate of $369.24 million. Full Truck Alliance had a net margin of 26.80% and a return on equity of 7.88%. Equities research analysts anticipate that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current year.

Full Truck Alliance 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.