Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 1,220.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,985,200 shares of the company's stock after purchasing an additional 1,834,900 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.19% of Full Truck Alliance worth $15,961,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Mubadala Investment Co PJSC purchased a new stake in shares of Full Truck Alliance during the fourth quarter worth $80,709,000. Sylebra Capital LLC acquired a new stake in Full Truck Alliance in the 1st quarter valued at about $36,877,000. Jupiter Asset Management Ltd. purchased a new position in Full Truck Alliance in the 1st quarter worth approximately $13,854,000. Squarepoint Ops LLC lifted its stake in Full Truck Alliance by 6,042.8% in the 2nd quarter. Squarepoint Ops LLC now owns 1,131,264 shares of the company's stock worth $9,095,000 after purchasing an additional 1,112,848 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Full Truck Alliance during the 2nd quarter worth approximately $6,988,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Barclays lowered their price objective on 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 Trading Up 5.5 %

YMM stock traded up $0.52 during trading on Friday, reaching $10.02. 16,783,801 shares of the stock were exchanged, compared to its average volume of 8,589,737. The business has a 50 day moving average price of $7.61 and a 200-day moving average price of $8.05. Full Truck Alliance Co. Ltd. has a 1 year low of $5.70 and a 1 year high of $10.20. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 29.69 and a beta of 0.23.

Full Truck Alliance (NYSE:YMM - Get Free Report) last released its quarterly earnings data on Wednesday, August 21st. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The firm 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%. On average, research analysts anticipate that Full Truck Alliance Co. Ltd. will post 0.41 EPS 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.