Maple Brown Abbott Ltd Makes New $517,000 Investment in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Maple Brown Abbott Ltd bought a new position in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 57,372 shares of the company's stock, valued at approximately $517,000. Full Truck Alliance accounts for about 0.1% of Maple Brown Abbott Ltd's holdings, making the stock its 16th largest holding.

A number of other institutional investors have also bought and sold shares of YMM. Vanguard Group Inc. boosted its stake in shares of Full Truck Alliance by 0.7% in the first quarter. Vanguard Group Inc. now owns 25,698,222 shares of the company's stock worth $186,826,000 after acquiring an additional 170,657 shares during the period. Mubadala Investment Co PJSC boosted its stake in Full Truck Alliance by 45.7% in the 1st quarter. Mubadala Investment Co PJSC now owns 16,776,591 shares of the company's stock worth $121,966,000 after purchasing an additional 5,263,157 shares during the period. Janus Henderson Group PLC grew its holdings in Full Truck Alliance by 2.8% during the 1st 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 in the last quarter. Bamco Inc. NY grew its holdings in Full Truck Alliance by 2.3% during the 1st quarter. Bamco Inc. NY now owns 10,819,188 shares of the company's stock valued at $78,655,000 after buying an additional 238,622 shares in the last quarter. Finally, Sylebra Capital LLC raised its position in shares of Full Truck Alliance by 57.9% during the second quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company's stock valued at $64,416,000 after buying an additional 2,939,456 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company's stock.

Full Truck Alliance Stock Down 3.0 %

Full Truck Alliance stock traded down $0.29 during midday trading on Thursday, reaching $9.50. 15,859,570 shares of the stock traded hands, compared to its average volume of 8,546,824. Full Truck Alliance Co. Ltd. has a 12 month low of $5.70 and a 12 month high of $10.00. The stock's fifty day moving average is $7.61 and its 200-day moving average is $8.05. The stock has a market cap of $10.01 billion, a P/E ratio of 29.69 and a beta of 0.20.

Full Truck Alliance (NYSE:YMM - Get Free Report) last posted its earnings results on Wednesday, August 21st. The company reported $0.12 EPS for the quarter, beating 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 firm had revenue of $380.38 million during the quarter, compared to the consensus estimate of $369.24 million. On average, equities analysts predict that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barclays cut their target price on shares of Full Truck Alliance from $9.00 to $7.00 and set an "equal weight" rating for the company in a research note on Friday, August 23rd.

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.