Octahedron Capital Management L.P. Sells 133,000 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Octahedron Capital Management L.P. trimmed its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 23.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 432,300 shares of the company’s stock after selling 133,000 shares during the quarter. Full Truck Alliance comprises about 3.5% of Octahedron Capital Management L.P.’s investment portfolio, making the stock its 12th largest position. Octahedron Capital Management L.P.’s holdings in Full Truck Alliance were worth $3,476,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tobam purchased a new position in shares of Full Truck Alliance during the second quarter valued at about $35,000. Blue Trust Inc. purchased a new position in shares of Full Truck Alliance during the second quarter valued at about $38,000. Atomi Financial Group Inc. increased its position in shares of Full Truck Alliance by 12.4% during the second quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock valued at $97,000 after buying an additional 1,329 shares during the period. Advisors Asset Management Inc. grew its holdings in Full Truck Alliance by 34.0% in 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 during the period. Finally, Barometer Capital Management Inc. purchased a new stake in Full Truck Alliance in the fourth quarter worth about $122,000. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Stock Performance

Shares of YMM opened at $7.60 on Friday. The stock has a market cap of $8.01 billion, a PE ratio of 23.75 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a fifty-two week low of $5.70 and a fifty-two week high of $9.68. The firm’s 50-day simple moving average is $7.48 and its two-hundred day simple moving average is $7.93.

Full Truck Alliance (NYSE:YMM) last announced its quarterly earnings data on Wednesday, August 21st. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $380.38 million for the quarter, compared to analysts’ expectations 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 predict that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current year.

Analysts Set New Price Targets

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

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.