GSA Capital Partners LLP Sells 167,796 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

GSA Capital Partners LLP lowered its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 78.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,174 shares of the company's stock after selling 167,796 shares during the period. GSA Capital Partners LLP's holdings in Full Truck Alliance were worth $416,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Full Truck Alliance by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 25,698,222 shares of the company's stock worth $186,826,000 after purchasing an additional 170,657 shares in the last quarter. Mubadala Investment Co PJSC boosted its holdings in Full Truck Alliance by 45.7% during the 1st quarter. Mubadala Investment Co PJSC now owns 16,776,591 shares of the company's stock valued at $121,966,000 after acquiring an additional 5,263,157 shares during the period. First Beijing Investment Ltd bought a new position in shares of Full Truck Alliance in the third quarter worth approximately $123,804,000. Janus Henderson Group PLC grew its holdings in shares of Full Truck Alliance by 2.8% in the first quarter. Janus Henderson Group PLC now owns 11,807,182 shares of the company's stock worth $85,822,000 after purchasing an additional 317,980 shares during the last quarter. Finally, Bamco Inc. NY increased its position in shares of Full Truck Alliance by 2.3% in the first quarter. Bamco Inc. NY now owns 10,819,188 shares of the company's stock valued at $78,655,000 after acquiring an additional 238,622 shares during the period. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Barclays cut 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 note on Friday, August 23rd.

Full Truck Alliance Stock Up 14.8 %

Shares of Full Truck Alliance stock opened at $9.84 on Thursday. The company's 50 day moving average is $8.77 and its 200 day moving average is $8.36. The company has a market cap of $10.37 billion, a price-to-earnings ratio of 28.12 and a beta of 0.23. Full Truck Alliance Co. Ltd. has a twelve month low of $5.70 and a twelve month high of $10.29.

Full Truck Alliance (NYSE:YMM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 21st. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. Full Truck Alliance had a return on equity of 7.88% and a net margin of 26.80%. The business had revenue of $380.38 million during the quarter, compared to analyst estimates of $369.24 million. Sell-side analysts expect that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current fiscal 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.