SIH Partners LLLP Acquires Shares of 42,000 Full Truck Alliance Co. Ltd. (NYSE:YMM)

SIH Partners LLLP bought a new position in Full Truck Alliance Co. Ltd. (NYSE:YMM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 42,000 shares of the company’s stock, valued at approximately $338,000. Full Truck Alliance makes up approximately 0.3% of SIH Partners LLLP’s portfolio, making the stock its 12th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Scientech Research LLC bought a new position in Full Truck Alliance in the second quarter worth $156,000. The Manufacturers Life Insurance Company increased its stake in shares of Full Truck Alliance by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,059,680 shares of the company’s stock worth $8,520,000 after acquiring an additional 40,593 shares in the last quarter. Caxton Associates LP lifted its position in Full Truck Alliance by 119.4% during the 2nd quarter. Caxton Associates LP now owns 97,906 shares of the company’s stock valued at $787,000 after acquiring an additional 53,272 shares during the period. Point72 Hong Kong Ltd bought a new stake in Full Truck Alliance during the second quarter worth about $2,917,000. Finally, Squarepoint Ops LLC boosted its stake in Full Truck Alliance by 6,042.8% during the second quarter. Squarepoint Ops LLC now owns 1,131,264 shares of the company’s stock worth $9,095,000 after acquiring an additional 1,112,848 shares in the last quarter. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Performance

Shares of YMM stock opened at $9.20 on Friday. The company has a market capitalization of $9.69 billion, a price-to-earnings ratio of 28.75 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a one year low of $5.70 and a one year high of $9.68. The company’s 50-day moving average is $7.52 and its 200 day moving average is $8.01.

Full Truck Alliance (NYSE:YMM) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The company 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%. As a group, research analysts predict that Full Truck Alliance Co. Ltd. will post 0.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Barclays lowered their target price on shares of 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 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.