Full Truck Alliance (NYSE:YMM) Hits New 1-Year High at $9.72

Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $9.72 and last traded at $9.64, with a volume of 3121804 shares. The stock had previously closed at $9.20.

Analyst Upgrades and Downgrades

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

Full Truck Alliance Stock Performance

The company’s 50 day moving average price is $7.52 and its 200-day moving average price is $8.02. The company has a market cap of $10.18 billion, a PE ratio of 28.75 and a beta of 0.20.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings data on Wednesday, August 21st. The company reported $0.12 EPS for the quarter, topping 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%. Equities research analysts expect that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of YMM. Mubadala Investment Co PJSC bought a new position in Full Truck Alliance in the 4th quarter valued at $80,709,000. Sylebra Capital LLC purchased a new stake in shares of Full Truck Alliance during the 1st quarter valued at $36,877,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Full Truck Alliance during the 1st quarter valued at $13,854,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Full Truck Alliance by 1,220.8% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,985,200 shares of the company’s stock valued at $15,961,000 after buying an additional 1,834,900 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of Full Truck Alliance by 6,042.8% during the 2nd quarter. Squarepoint Ops LLC now owns 1,131,264 shares of the company’s stock valued at $9,095,000 after buying an additional 1,112,848 shares in the last quarter. 39.02% of the stock is owned by institutional investors.

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.