Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lessened its holdings 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 Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Crossmark Global Holdings Inc. raised its holdings in shares of Full Truck Alliance by 44.1% during the third quarter. Crossmark Global Holdings Inc. now owns 30,102 shares of the company's stock worth $272,000 after purchasing an additional 9,210 shares during the last quarter. First Beijing Investment Ltd purchased a new position in shares of Full Truck Alliance during the third quarter worth $123,804,000. Robeco Institutional Asset Management B.V. increased its holdings in Full Truck Alliance by 10.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,701,028 shares of the company's stock valued at $33,346,000 after buying an additional 353,891 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in Full Truck Alliance by 20.0% in the third quarter. China Universal Asset Management Co. Ltd. now owns 420,000 shares of the company's stock valued at $3,784,000 after buying an additional 70,000 shares in the last quarter. Finally, Polunin Capital Partners Ltd purchased a new position in Full Truck Alliance in the third quarter valued at $29,632,000. Hedge funds and other institutional investors own 39.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on YMM. Citigroup lifted their price objective on shares of Full Truck Alliance from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday. Barclays cut their price objective on shares of Full Truck Alliance from $9.00 to $7.00 and set an "equal weight" rating for the company in a report on Friday, August 23rd. One investment 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 company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $10.00.

Full Truck Alliance Stock Down 1.8 %

Shares of NYSE YMM traded down $0.18 during trading on Thursday, hitting $9.66. The company had a trading volume of 14,503,238 shares, compared to its average volume of 8,574,982. The stock has a fifty day simple moving average of $8.77 and a two-hundred day simple moving average of $8.36. Full Truck Alliance Co. Ltd. has a fifty-two week low of $5.70 and a fifty-two week high of $10.29. The firm has a market capitalization of $10.18 billion, a price-to-earnings ratio of 27.20 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 (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Full Truck Alliance had a net margin of 26.80% and a return on equity of 7.88%. The business had revenue of $380.38 million for the quarter, compared to analyst estimates of $369.24 million. On average, analysts anticipate that Full Truck Alliance Co. Ltd. will post 0.41 earnings per share for the current year.

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.