SG Americas Securities LLC Acquires Shares of 1,200,185 Full Truck Alliance Co. Ltd. (NYSE:YMM)

SG Americas Securities LLC purchased a new stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,200,185 shares of the company's stock, valued at approximately $10,814,000. SG Americas Securities LLC owned approximately 0.11% of Full Truck Alliance as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of YMM. Vanguard Group Inc. raised its position in shares of Full Truck Alliance by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 25,698,222 shares of the company's stock valued at $186,826,000 after buying an additional 170,657 shares in the last quarter. Mubadala Investment Co PJSC grew its stake in shares of Full Truck Alliance by 45.7% during the first quarter. Mubadala Investment Co PJSC now owns 16,776,591 shares of the company's stock worth $121,966,000 after buying an additional 5,263,157 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Full Truck Alliance by 2.8% during the first quarter. Janus Henderson Group PLC now owns 11,807,182 shares of the company's stock worth $85,822,000 after buying an additional 317,980 shares in the last quarter. Bamco Inc. NY lifted its stake in shares of Full Truck Alliance by 2.3% in the 1st 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 last quarter. Finally, Sylebra Capital LLC lifted its stake in shares of Full Truck Alliance by 57.9% in the 2nd quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company's stock valued at $64,416,000 after acquiring an additional 2,939,456 shares during the last quarter. Institutional investors own 39.02% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced 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 report on Friday, August 23rd.

Full Truck Alliance Stock Up 5.6 %

Shares of NYSE YMM traded up $0.53 during trading on Friday, reaching $10.03. The company had a trading volume of 20,790,957 shares, compared to its average volume of 8,610,578. Full Truck Alliance Co. Ltd. has a 12 month low of $5.70 and a 12 month high of $10.20. The stock has a market cap of $10.57 billion, a P/E ratio of 31.34 and a beta of 0.23. The company's fifty day moving average price is $7.68 and its 200-day moving average price is $8.08.

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 for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The business had revenue of $380.38 million during the quarter, compared to the consensus estimate of $369.24 million. Full Truck Alliance had a net margin of 26.80% and a return on equity of 7.88%. As a group, equities analysts predict that Full Truck Alliance Co. Ltd. will post 0.41 earnings per share for the current year.

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.