GAM Holding AG Cuts Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

GAM Holding AG reduced its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 58.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 323,161 shares of the company's stock after selling 457,632 shares during the period. GAM Holding AG's holdings in Full Truck Alliance were worth $2,912,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Tobam bought a new position in Full Truck Alliance during the 2nd quarter worth $35,000. Blue Trust Inc. bought a new position in shares of Full Truck Alliance in the 2nd quarter worth about $38,000. Atomi Financial Group Inc. raised its position in shares of Full Truck Alliance by 12.4% in the 2nd quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company's stock worth $97,000 after acquiring an additional 1,329 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Full Truck Alliance by 34.0% in the 1st quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company's stock worth $98,000 after acquiring an additional 3,421 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Full Truck Alliance in the 1st quarter worth about $145,000. 39.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Full Truck Alliance Price Performance

Shares of YMM traded down $0.14 during trading hours on Wednesday, hitting $9.03. The stock had a trading volume of 4,763,370 shares, compared to its average volume of 8,728,184. The firm has a 50 day simple moving average of $8.12 and a 200-day simple moving average of $8.25. The firm has a market capitalization of $9.51 billion, a P/E ratio of 28.28 and a beta of 0.23. Full Truck Alliance Co. Ltd. has a 1-year low of $5.70 and a 1-year high of $10.29.

Full Truck Alliance (NYSE:YMM - Get Free Report) last released its quarterly 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 business had revenue of $380.38 million during the quarter, compared to the consensus estimate of $369.24 million. Full Truck Alliance had a return on equity of 7.88% and a net margin of 26.80%. Equities analysts predict that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current fiscal 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.