Investors Purchase Large Volume of Full Truck Alliance Call Options (NYSE:YMM)

Full Truck Alliance Co. Ltd. (NYSE:YMM) was the target of unusually large options trading on Wednesday. Stock traders bought 11,020 call options on the company. This represents an increase of 861% compared to the typical daily volume of 1,147 call options.

Institutional Trading of Full Truck Alliance

Hedge funds have recently added to or reduced their stakes in the business. Tobam bought a new position in Full Truck Alliance during the 2nd quarter worth about $35,000. Blue Trust Inc. bought a new position in Full Truck Alliance during the 2nd quarter worth about $38,000. Atomi Financial Group Inc. increased its holdings in Full Truck Alliance by 12.4% during the 2nd quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock worth $97,000 after purchasing an additional 1,329 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Full Truck Alliance by 34.0% during the 1st quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company’s stock worth $98,000 after purchasing an additional 3,421 shares in the last quarter. Finally, Barometer Capital Management Inc. bought a new position in Full Truck Alliance during the 4th quarter worth about $122,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Full Truck Alliance Stock Performance

NYSE:YMM opened at $7.72 on Friday. The stock’s fifty day moving average price is $7.49 and its two-hundred day moving average price is $7.93. Full Truck Alliance has a 52-week low of $5.70 and a 52-week high of $9.68. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 24.13 and a beta of 0.20.

Full Truck Alliance (NYSE:YMM) last posted its quarterly 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. The company had revenue of $380.38 million for the quarter, compared to the consensus estimate of $369.24 million. Full Truck Alliance had a return on equity of 7.88% and a net margin of 26.80%. On average, equities analysts predict that Full Truck Alliance will post 0.41 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Barclays decreased their price target on Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Friday, August 23rd.

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.