Full Truck Alliance Co. Ltd. (NYSE:YMM) Holdings Reduced by Blue Creek Capital Management Ltd

Blue Creek Capital Management Ltd trimmed its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,075,000 shares of the company’s stock after selling 112,000 shares during the period. Full Truck Alliance makes up about 20.9% of Blue Creek Capital Management Ltd’s investment portfolio, making the stock its 2nd largest holding. Blue Creek Capital Management Ltd owned 0.37% of Full Truck Alliance worth $25,346,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Farallon Capital Management LLC lifted its holdings in shares of Full Truck Alliance by 0.8% during the 1st quarter. Farallon Capital Management LLC now owns 43,805,238 shares of the company’s stock valued at $333,358,000 after buying an additional 365,495 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Full Truck Alliance by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 23,440,485 shares of the company’s stock valued at $153,535,000 after buying an additional 366,952 shares during the period. SB Investment Advisers UK Ltd. lifted its holdings in shares of Full Truck Alliance by 97.4% during the 1st quarter. SB Investment Advisers UK Ltd. now owns 17,241,440 shares of the company’s stock valued at $131,207,000 after buying an additional 8,505,744 shares during the period. Ward Ferry Management BVI Ltd lifted its holdings in shares of Full Truck Alliance by 17.6% during the 1st quarter. Ward Ferry Management BVI Ltd now owns 16,230,684 shares of the company’s stock valued at $123,516,000 after buying an additional 2,432,229 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Full Truck Alliance by 20.1% during the 1st quarter. Bank of America Corp DE now owns 16,018,544 shares of the company’s stock valued at $121,901,000 after buying an additional 2,685,633 shares during the period. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Trading Down 3.7 %

Full Truck Alliance stock traded down $0.30 during trading on Tuesday, reaching $7.79. The company had a trading volume of 2,563,161 shares, compared to its average volume of 5,511,623. Full Truck Alliance Co. Ltd. has a 52 week low of $5.41 and a 52 week high of $10.18. The firm’s 50-day simple moving average is $6.98 and its 200 day simple moving average is $6.73. The firm has a market capitalization of $8.61 billion, a price-to-earnings ratio of 35.27 and a beta of 0.21.

Full Truck Alliance (NYSE:YMM) last announced its earnings results on Wednesday, August 23rd. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Full Truck Alliance had a return on equity of 4.88% and a net margin of 21.26%. The company had revenue of $284.37 million for the quarter, compared to analysts’ expectations of $273.30 million. On average, analysts predict that Full Truck Alliance Co. Ltd. will post 0.31 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 listing, matching, 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.