Polunin Capital Partners Ltd Buys Shares of 3,337,424 Full Truck Alliance Co. Ltd. (NYSE:YMM)

Polunin Capital Partners Ltd acquired a new position in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,337,424 shares of the company's stock, valued at approximately $29,632,000. Full Truck Alliance comprises about 6.9% of Polunin Capital Partners Ltd's investment portfolio, making the stock its 8th largest holding. Polunin Capital Partners Ltd owned approximately 0.32% of Full Truck Alliance as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in YMM. Tobam purchased a new position in shares of Full Truck Alliance during the second quarter worth approximately $35,000. Blue Trust Inc. purchased a new position in shares of Full Truck Alliance during the second quarter worth approximately $38,000. Atomi Financial Group Inc. increased its holdings in Full Truck Alliance by 12.4% during the second 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 during the period. Advisors Asset Management Inc. increased its holdings in Full Truck Alliance by 34.0% during the first 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 during the period. Finally, Scientech Research LLC purchased a new position in Full Truck Alliance during the second quarter valued at approximately $156,000. Institutional investors own 39.02% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Barclays cut their price objective on shares of Full Truck Alliance from $9.00 to $7.00 and set an "equal weight" rating on the stock in a report on Friday, August 23rd.

Full Truck Alliance Stock Down 0.4 %

YMM stock traded down $0.04 during trading on Friday, hitting $8.98. 3,824,592 shares of the company's stock traded hands, compared to its average volume of 8,685,517. The firm has a market capitalization of $9.46 billion, a P/E ratio of 28.06 and a beta of 0.23. The business has a fifty day simple moving average of $8.21 and a two-hundred day simple moving average of $8.27. 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 announced its earnings results on Wednesday, August 21st. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The company 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%. On average, equities research analysts predict that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current fiscal year.

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.