35,305 Shares in Full Truck Alliance Co. Ltd. (NYSE:YMM) Purchased by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. bought a new position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 35,305 shares of the company’s stock, valued at approximately $284,000.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Full Truck Alliance by 0.7% during the first quarter. Vanguard Group Inc. now owns 25,698,222 shares of the company’s stock worth $186,826,000 after purchasing an additional 170,657 shares in the last quarter. Mubadala Investment Co PJSC grew its holdings in Full Truck Alliance by 45.7% during the 1st quarter. Mubadala Investment Co PJSC now owns 16,776,591 shares of the company’s stock valued at $121,966,000 after buying an additional 5,263,157 shares in the last quarter. Janus Henderson Group PLC grew its holdings in 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 in the last quarter. Bamco Inc. NY grew its holdings in Full Truck Alliance by 2.3% during the 1st quarter. Bamco Inc. NY now owns 10,819,188 shares of the company’s stock valued at $78,655,000 after buying an additional 238,622 shares in the last quarter. Finally, Norges Bank purchased a new position in Full Truck Alliance during the 4th quarter valued at approximately $64,936,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays cut 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

NYSE:YMM opened at $7.44 on Thursday. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 23.25 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a 1 year low of $5.70 and a 1 year high of $9.68. The business has a 50 day simple moving average of $7.49 and a 200-day simple moving average of $7.93.

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, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $380.38 million during the quarter, compared to analyst estimates 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, analysts expect that Full Truck Alliance Co. Ltd. will post 0.41 earnings per share 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.