Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Sold by XTX Topco Ltd

XTX Topco Ltd decreased its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 43.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,280 shares of the company’s stock after selling 30,245 shares during the quarter. XTX Topco Ltd’s holdings in Full Truck Alliance were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in YMM. Jupiter Asset Management Ltd. acquired a new position in shares of Full Truck Alliance during the first quarter worth about $13,854,000. Janus Henderson Group PLC raised its holdings in shares of Full Truck Alliance by 2.8% during the 1st quarter. Janus Henderson Group PLC now owns 11,807,182 shares of the company’s stock valued at $85,822,000 after buying an additional 317,980 shares during the period. National Bank of Canada FI acquired a new position in Full Truck Alliance during the 2nd quarter worth approximately $1,092,000. Acadian Asset Management LLC purchased a new position in Full Truck Alliance in the 2nd quarter worth approximately $6,988,000. Finally, Mubadala Investment Co PJSC acquired a new stake in Full Truck Alliance in the fourth quarter valued at approximately $80,709,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Stock Performance

Shares of NYSE YMM opened at $9.07 on Friday. Full Truck Alliance Co. Ltd. has a 1 year low of $5.70 and a 1 year high of $9.68. The stock’s 50-day simple moving average is $7.50 and its 200-day simple moving average is $7.99. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 28.34 and a beta of 0.20.

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

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their target price on shares of 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 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.