OVERSEA CHINESE BANKING Corp Ltd Purchases 90,530 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

OVERSEA CHINESE BANKING Corp Ltd raised its position in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 14.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 704,770 shares of the company's stock after purchasing an additional 90,530 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned 0.07% of Full Truck Alliance worth $6,347,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Full Truck Alliance by 0.7% in the first quarter. Vanguard Group Inc. now owns 25,698,222 shares of the company's stock valued at $186,826,000 after purchasing an additional 170,657 shares during the last quarter. Mubadala Investment Co PJSC grew its stake in Full Truck Alliance by 45.7% during the first quarter. Mubadala Investment Co PJSC now owns 16,776,591 shares of the company's stock worth $121,966,000 after purchasing an additional 5,263,157 shares during the period. First Beijing Investment Ltd acquired a new stake in Full Truck Alliance during the third quarter worth approximately $123,804,000. Janus Henderson Group PLC grew 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 period. Finally, Bamco Inc. NY grew its stake in 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. 39.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Barclays reduced 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 note on Friday, August 23rd.

Full Truck Alliance Stock Performance

Full Truck Alliance stock traded down $0.53 during mid-day trading on Tuesday, reaching $8.37. The stock had a trading volume of 4,039,857 shares, compared to its average volume of 8,509,084. Full Truck Alliance Co. Ltd. has a fifty-two week low of $5.70 and a fifty-two week high of $10.29. The stock's 50-day simple moving average is $8.56 and its 200-day simple moving average is $8.36. The firm has a market capitalization of $8.82 billion, a PE ratio of 25.46 and a beta of 0.23.

Full Truck Alliance (NYSE:YMM - Get Free Report) last posted its earnings results on Wednesday, August 21st. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. Full Truck Alliance had a return on equity of 7.88% and a net margin of 26.80%. The company had revenue of $380.38 million for the quarter, compared to analyst estimates of $369.24 million. On average, research analysts forecast that Full Truck Alliance Co. Ltd. will post 0.41 earnings per share for the current fiscal 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.