Crossmark Global Holdings Inc. Has $272,000 Stock Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Crossmark Global Holdings Inc. boosted its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 44.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 30,102 shares of the company’s stock after buying an additional 9,210 shares during the period. Crossmark Global Holdings Inc.’s holdings in Full Truck Alliance were worth $272,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sylebra Capital LLC increased its position in Full Truck Alliance by 57.9% during the second quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company’s stock worth $64,416,000 after buying an additional 2,939,456 shares during the last quarter. Janus Henderson Group PLC increased its position in Full Truck Alliance by 2.8% during the first quarter. Janus Henderson Group PLC now owns 11,807,182 shares of the company’s stock worth $85,822,000 after buying an additional 317,980 shares during the last quarter. National Bank of Canada FI acquired a new position in Full Truck Alliance during the second quarter worth $1,092,000. Acadian Asset Management LLC acquired a new position in Full Truck Alliance during the second quarter worth $6,988,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Full Truck Alliance by 1,220.8% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,985,200 shares of the company’s stock worth $15,961,000 after buying an additional 1,834,900 shares during the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Full Truck Alliance Stock Performance

Shares of NYSE:YMM opened at $8.32 on Monday. The company has a market cap of $8.77 billion, a P/E ratio of 23.77 and a beta of 0.23. The stock’s 50-day moving average is $8.66 and its 200-day moving average is $8.35. Full Truck Alliance Co. Ltd. has a 52-week low of $5.70 and a 52-week high of $10.29.

Full Truck Alliance (NYSE:YMM) last issued its quarterly earnings results 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 company had revenue of $380.38 million for the quarter, compared to the consensus estimate 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, equities analysts predict that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current 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.