Full Truck Alliance Co. Ltd. (NYSE:YMM) Stock Position Cut by Krane Funds Advisors LLC

Krane Funds Advisors LLC decreased its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 5.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 25,944,017 shares of the company's stock after selling 1,504,961 shares during the period. Full Truck Alliance comprises about 8.4% of Krane Funds Advisors LLC's holdings, making the stock its 5th largest holding. Krane Funds Advisors LLC owned about 2.46% of Full Truck Alliance worth $233,756,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in YMM. Tobam bought a new stake in Full Truck Alliance during the second quarter worth about $35,000. Blue Trust Inc. purchased a new stake in shares of Full Truck Alliance in the 2nd quarter worth approximately $38,000. Atomi Financial Group Inc. increased its position in Full Truck Alliance by 12.4% during the 2nd quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company's stock valued at $97,000 after buying an additional 1,329 shares in the last quarter. Advisors Asset Management Inc. increased its position in Full Truck Alliance by 34.0% during the 1st quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company's stock valued at $98,000 after buying an additional 3,421 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Full Truck Alliance during the first quarter valued at $145,000. Institutional investors own 39.02% of the company's stock.

Full Truck Alliance Stock Performance

Shares of YMM traded up $0.29 on Tuesday, hitting $9.17. 15,904,954 shares of the stock traded hands, compared to its average volume of 8,746,165. Full Truck Alliance Co. Ltd. has a one year low of $5.70 and a one year high of $10.29. The company has a market capitalization of $9.66 billion, a PE ratio of 28.72 and a beta of 0.23. The business has a 50 day simple moving average of $8.09 and a 200 day simple moving average of $8.24.

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

Analyst Upgrades and Downgrades

Separately, Barclays reduced 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.

Full Truck Alliance Company 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.