WCM Investment Management LLC Has $20.79 Million Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

WCM Investment Management LLC decreased its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,260,044 shares of the company's stock after selling 132,456 shares during the quarter. WCM Investment Management LLC owned 0.21% of Full Truck Alliance worth $20,792,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Tobam bought a new position in Full Truck Alliance in the 2nd quarter valued at approximately $35,000. Blue Trust Inc. bought a new position in Full Truck Alliance in the 2nd quarter valued at approximately $38,000. Atomi Financial Group Inc. raised its holdings in Full Truck Alliance by 12.4% in the 2nd 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 last quarter. Advisors Asset Management Inc. raised its holdings in Full Truck Alliance by 34.0% in the 1st 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 last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Full Truck Alliance in the 1st quarter valued at approximately $145,000. Institutional investors and hedge funds own 39.02% of the company's stock.

Wall Street Analysts Forecast Growth

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

Full Truck Alliance Stock Up 1.8 %

Full Truck Alliance stock traded up $0.16 during mid-day trading on Monday, hitting $8.91. 5,451,335 shares of the stock were exchanged, compared to its average volume of 8,530,080. Full Truck Alliance Co. Ltd. has a 12 month low of $5.70 and a 12 month high of $10.29. The firm's fifty day simple moving average is $8.56 and its two-hundred day simple moving average is $8.36. The stock has a market capitalization of $9.39 billion, a price-to-earnings ratio of 25.46 and a beta of 0.23.

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, topping the consensus estimate of $0.11 by $0.01. Full Truck Alliance had a net margin of 26.80% and a return on equity of 7.88%. The firm had revenue of $380.38 million during the quarter, compared to analyst estimates of $369.24 million. As a group, 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.