GAM Holding AG Reduces Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

GAM Holding AG trimmed its position in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 58.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Full Truck Alliance by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 25,698,222 shares of the company's stock worth $186,826,000 after buying an additional 170,657 shares in the last quarter. Mubadala Investment Co PJSC raised its position in shares of Full Truck Alliance by 45.7% during the 1st quarter. Mubadala Investment Co PJSC now owns 16,776,591 shares of the company's stock worth $121,966,000 after acquiring an additional 5,263,157 shares in the last quarter. Janus Henderson Group PLC lifted its stake in 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 purchasing an additional 317,980 shares during the last quarter. Bamco Inc. NY boosted its holdings 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 buying an additional 238,622 shares in the last quarter. Finally, Sylebra Capital LLC raised its stake in Full Truck Alliance by 57.9% during the 2nd quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company's stock worth $64,416,000 after acquiring an additional 2,939,456 shares in the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Barclays dropped their target price 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 Trading Up 0.2 %

Shares of YMM traded up $0.02 during trading hours on Wednesday, reaching $9.19. The company had a trading volume of 478,611 shares, compared to its average volume of 8,707,282. The firm has a 50 day simple moving average of $8.09 and a 200-day simple moving average of $8.24. Full Truck Alliance Co. Ltd. has a 12-month low of $5.70 and a 12-month high of $10.29. The company has a market capitalization of $9.68 billion, a price-to-earnings ratio of 28.64 and a beta of 0.23.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The firm had revenue of $380.38 million for the quarter, compared to analyst estimates of $369.24 million. Full Truck Alliance had a net margin of 26.80% and a return on equity of 7.88%. Sell-side analysts forecast 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.