LMR Partners LLP Has $200,000 Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

LMR Partners LLP cut its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 81.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,235 shares of the company's stock after selling 97,765 shares during the quarter. LMR Partners LLP's holdings in Full Truck Alliance were worth $200,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sylebra Capital LLC raised its stake in Full Truck Alliance by 57.9% during the 2nd quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company's stock valued at $64,416,000 after purchasing an additional 2,939,456 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of 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 valued at $85,822,000 after buying an additional 317,980 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Full Truck Alliance in the second quarter valued at about $1,092,000. Acadian Asset Management LLC bought a new stake in shares of Full Truck Alliance in the second quarter valued at about $6,988,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew 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 in the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Stock Performance

Shares of YMM stock traded down $0.14 during trading hours on Thursday, hitting $9.70. The company had a trading volume of 18,386,684 shares, compared to its average volume of 8,592,481. The firm's fifty day moving average is $8.82 and its 200 day moving average is $8.37. Full Truck Alliance Co. Ltd. has a 12 month low of $5.70 and a 12 month high of $10.29. The firm has a market capitalization of $10.22 billion, a price-to-earnings ratio of 27.72 and a beta of 0.23.

Full Truck Alliance (NYSE:YMM - Get Free Report) last announced its earnings results on Wednesday, August 21st. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates 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%. On average, sell-side analysts expect that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on YMM. Barclays reduced their price objective on Full Truck Alliance from $9.00 to $7.00 and set an "equal weight" rating for the company in a research report on Friday, August 23rd. Citigroup raised their target price on Full Truck Alliance from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $10.00.

Full Truck Alliance 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.