Full Truck Alliance Co. Ltd. (NYSE:YMM) Position Boosted by Janus Henderson Group PLC

Janus Henderson Group PLC increased its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 2.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 11,807,182 shares of the company’s stock after buying an additional 317,980 shares during the quarter. Janus Henderson Group PLC’s holdings in Full Truck Alliance were worth $85,822,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Full Truck Alliance by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 25,698,222 shares of the company’s stock worth $186,826,000 after purchasing an additional 170,657 shares in the last quarter. Mubadala Investment Co PJSC acquired a new stake in Full Truck Alliance in the fourth quarter valued at approximately $80,709,000. Bamco Inc. NY grew its position in Full Truck Alliance by 2.3% in the first quarter. Bamco Inc. NY now owns 10,819,188 shares of the company’s stock worth $78,655,000 after acquiring an additional 238,622 shares in the last quarter. Norges Bank acquired a new position in shares of Full Truck Alliance during the 4th quarter worth $64,936,000. Finally, Yunqi Capital Ltd raised its holdings in shares of Full Truck Alliance by 20.0% during the 1st quarter. Yunqi Capital Ltd now owns 3,365,300 shares of the company’s stock valued at $24,466,000 after purchasing an additional 560,000 shares in the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Trading Up 1.1 %

YMM traded up $0.08 during midday trading on Wednesday, reaching $7.59. The company’s stock had a trading volume of 1,463,493 shares, compared to its average volume of 8,073,006. The company has a fifty day simple moving average of $8.47 and a 200 day simple moving average of $7.73. The stock has a market cap of $8.39 billion, a P/E ratio of 23.97 and a beta of 0.21. Full Truck Alliance Co. Ltd. has a twelve month low of $5.70 and a twelve month high of $9.68.

Full Truck Alliance (NYSE:YMM) last announced its quarterly earnings data on Tuesday, May 21st. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $314.21 million for the quarter, compared to the consensus estimate of $301.68 million. Full Truck Alliance had a net margin of 26.48% and a return on equity of 7.23%. Sell-side analysts expect that Full Truck Alliance Co. Ltd. will post 0.41 earnings per share for the current year.

Analyst Ratings Changes

YMM has been the subject of a number of recent research reports. Daiwa America upgraded shares of Full Truck Alliance to a “strong-buy” rating in a report on Friday, May 10th. Barclays upped their price target on Full Truck Alliance from $6.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Friday, May 24th.

Full Truck Alliance 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.