Walleye Capital LLC Has $103,000 Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Walleye Capital LLC reduced its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 98.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,438 shares of the company's stock after selling 756,596 shares during the period. Walleye Capital LLC's holdings in Full Truck Alliance were worth $103,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. bought a new position in shares of Full Truck Alliance in the second quarter valued at $38,000. China Universal Asset Management Co. Ltd. grew its position in Full Truck Alliance by 12.1% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 350,000 shares of the company's stock worth $2,814,000 after purchasing an additional 37,870 shares in the last quarter. WT Asset Management Ltd acquired a new position in shares of Full Truck Alliance in the 2nd quarter valued at about $909,000. Liontrust Investment Partners LLP purchased a new stake in Full Truck Alliance in the 2nd quarter worth approximately $5,869,000. Finally, Atomi Financial Group Inc. raised its holdings in shares of Full Truck Alliance by 12.4% during the second 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. 39.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on YMM shares. JPMorgan Chase & Co. cut Full Truck Alliance from an "overweight" rating to a "neutral" rating and boosted their price target for the company from $12.00 to $13.00 in a research note on Wednesday. Citigroup boosted their target price on shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Barclays cut their price target 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 0.3 %

YMM stock traded down $0.03 during midday trading on Friday, hitting $11.21. 16,724,460 shares of the company traded hands, compared to its average volume of 8,893,901. Full Truck Alliance Co. Ltd. has a twelve month low of $5.70 and a twelve month high of $12.47. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 26.69 and a beta of 0.28. The business has a 50 day simple moving average of $9.49 and a 200-day simple moving average of $8.55.

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.