Mirae Asset Global Investments Co. Ltd. Has $217,000 Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Mirae Asset Global Investments Co. Ltd. decreased its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 33.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,547 shares of the company’s stock after selling 11,861 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Full Truck Alliance were worth $217,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of YMM. Jupiter Asset Management Ltd. bought a new stake in shares of Full Truck Alliance during the 1st quarter worth approximately $13,854,000. Sylebra Capital LLC lifted its stake in Full Truck Alliance by 57.9% in the second quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company’s stock valued at $64,416,000 after acquiring an additional 2,939,456 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Full Truck Alliance by 2.8% in the 1st quarter. Janus Henderson Group PLC now owns 11,807,182 shares of the company’s stock valued at $85,822,000 after acquiring an additional 317,980 shares during the period. National Bank of Canada FI acquired a new position in shares of Full Truck Alliance during the 2nd quarter worth about $1,092,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Full Truck Alliance in the 2nd quarter valued at about $6,988,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

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

Full Truck Alliance Price Performance

YMM stock opened at $8.94 on Monday. Full Truck Alliance Co. Ltd. has a one year low of $5.70 and a one year high of $10.29. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 25.54 and a beta of 0.23. The company has a fifty day moving average price of $8.36 and a two-hundred day moving average price of $8.32.

Full Truck Alliance (NYSE:YMM) last announced its earnings results on Wednesday, August 21st. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $380.38 million during 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%. Research analysts anticipate 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.