Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Get Free Report) were up 4.5% during trading on Tuesday . The company traded as high as $9.28 and last traded at $9.27. Approximately 1,684,867 shares were traded during trading, a decline of 81% from the average daily volume of 8,677,910 shares. The stock had previously closed at $8.87.
Analyst Upgrades and Downgrades
Separately, Barclays cut their price target on 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.
Read Our Latest Report on YMM
Full Truck Alliance Stock Up 3.3 %
The firm has a market capitalization of $9.66 billion, a P/E ratio of 28.72 and a beta of 0.23. The business has a 50-day moving average price of $8.09 and a 200-day moving average price of $8.24.
Full Truck Alliance (NYSE:YMM - Get Free Report) last released its quarterly earnings data on Wednesday, August 21st. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The business had revenue of $380.38 million for the quarter, compared to analysts' expectations 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, sell-side analysts forecast that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current year.
Institutional Trading of Full Truck Alliance
A number of institutional investors and hedge funds have recently modified their holdings of YMM. Tobam bought a new stake in Full Truck Alliance in the second quarter valued at $35,000. Blue Trust Inc. bought a new stake in shares of Full Truck Alliance during the second quarter worth $38,000. Atomi Financial Group Inc. grew its holdings in shares of Full Truck Alliance by 12.4% during the second quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company's stock worth $97,000 after purchasing an additional 1,329 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Full Truck Alliance by 34.0% during the first quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company's stock worth $98,000 after purchasing an additional 3,421 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Full Truck Alliance during the first quarter worth $145,000. 39.02% of the stock is currently owned by institutional investors.
About Full Truck Alliance
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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.
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