Blue Trust Inc. Buys 5,226 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Blue Trust Inc. lifted its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 109.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,999 shares of the company’s stock after purchasing an additional 5,226 shares during the quarter. Blue Trust Inc.’s holdings in Full Truck Alliance were worth $90,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Tobam acquired a new stake in Full Truck Alliance during the second quarter worth about $35,000. Atomi Financial Group Inc. boosted its position in shares of Full Truck Alliance by 12.4% during the 2nd quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock worth $97,000 after acquiring an additional 1,329 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Full Truck Alliance by 34.0% in the first quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company’s stock valued at $98,000 after acquiring an additional 3,421 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Full Truck Alliance during the first quarter valued at approximately $145,000. Finally, Scientech Research LLC acquired a new position in Full Truck Alliance during the second quarter valued at approximately $156,000. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Trading Down 0.3 %

YMM opened at $9.13 on Wednesday. The company has a market cap of $9.62 billion, a P/E ratio of 26.09 and a beta of 0.23. The company’s 50 day moving average is $8.28 and its 200-day moving average is $8.30. Full Truck Alliance Co. Ltd. has a 1-year low of $5.70 and a 1-year high of $10.29.

Full Truck Alliance (NYSE:YMM) last issued its earnings results on Wednesday, August 21st. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $380.38 million for the quarter, compared to analyst estimates of $369.24 million. Full Truck Alliance had a net margin of 26.80% and a return on equity of 7.88%. On average, equities analysts forecast that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current year.

Wall Street Analyst Weigh In

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

About Full Truck Alliance

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.