Quadrature Capital Ltd Sells 268,978 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Quadrature Capital Ltd trimmed its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 52.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239,337 shares of the company's stock after selling 268,978 shares during the quarter. Quadrature Capital Ltd's holdings in Full Truck Alliance were worth $2,156,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Polymer Capital Management HK LTD grew its holdings in Full Truck Alliance by 73.7% during the 3rd quarter. Polymer Capital Management HK LTD now owns 469,000 shares of the company's stock worth $4,226,000 after acquiring an additional 199,000 shares during the last quarter. Bamco Inc. NY boosted its stake in shares of Full Truck Alliance by 1.2% in the 3rd quarter. Bamco Inc. NY now owns 10,405,899 shares of the company's stock valued at $93,757,000 after purchasing an additional 125,853 shares during the last quarter. Alkeon Capital Management LLC boosted its stake in shares of Full Truck Alliance by 3.9% in the 3rd quarter. Alkeon Capital Management LLC now owns 24,276,570 shares of the company's stock valued at $218,732,000 after purchasing an additional 921,820 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Full Truck Alliance in the 3rd quarter valued at $4,218,000. Finally, Quantbot Technologies LP boosted its stake in shares of Full Truck Alliance by 4,028.6% in the 3rd quarter. Quantbot Technologies LP now owns 121,258 shares of the company's stock valued at $1,093,000 after purchasing an additional 118,321 shares during the last quarter. 39.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Full Truck Alliance from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Barclays dropped 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 Up 1.9 %

YMM traded up $0.20 during trading on Friday, hitting $10.76. 14,475,634 shares of the company's stock were exchanged, compared to its average volume of 9,540,589. The business's 50 day moving average is $9.28 and its two-hundred day moving average is $8.46. The stock has a market cap of $11.34 billion, a P/E ratio of 25.64 and a beta of 0.28. Full Truck Alliance Co. Ltd. has a fifty-two week low of $5.70 and a fifty-two week high of $10.93.

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.