TB Alternative Assets Ltd. Has $4.32 Million Stock Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

TB Alternative Assets Ltd. reduced its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 24.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 479,466 shares of the company's stock after selling 156,434 shares during the quarter. Full Truck Alliance accounts for approximately 1.0% of TB Alternative Assets Ltd.'s holdings, making the stock its 22nd biggest position. TB Alternative Assets Ltd.'s holdings in Full Truck Alliance were worth $4,320,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Full Truck Alliance by 0.7% during the first quarter. Vanguard Group Inc. now owns 25,698,222 shares of the company's stock valued at $186,826,000 after acquiring an additional 170,657 shares during the period. Mubadala Investment Co PJSC increased its stake in shares of 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 valued at $121,966,000 after acquiring an additional 5,263,157 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Full Truck Alliance by 2.8% in 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 during the period. Bamco Inc. NY raised its position in shares of Full Truck Alliance by 2.3% during the first quarter. Bamco Inc. NY now owns 10,819,188 shares of the company's stock worth $78,655,000 after purchasing an additional 238,622 shares during the period. Finally, Sylebra Capital LLC lifted its stake in Full Truck Alliance by 57.9% in 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 in the last quarter. Institutional investors own 39.02% of the company's stock.

Analysts Set New Price Targets

Separately, Barclays lowered their price target on shares of 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 Stock Performance

YMM remained flat at $8.88 during trading on Monday. 3,893,991 shares of the company's stock traded hands, compared to its average volume of 8,712,358. Full Truck Alliance Co. Ltd. has a 1-year low of $5.70 and a 1-year high of $10.29. The firm has a market cap of $9.36 billion, a P/E ratio of 25.37 and a beta of 0.23. The business's fifty day moving average is $8.09 and its 200 day moving average is $8.24.

Full Truck Alliance (NYSE:YMM - Get Free Report) last released its earnings results 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 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, analysts forecast that Full Truck Alliance Co. Ltd. will post 0.41 EPS 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.