Van ECK Associates Corp Trims Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Van ECK Associates Corp reduced its position in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 1.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,380,263 shares of the company’s stock after selling 15,469 shares during the period. Van ECK Associates Corp owned about 0.13% of Full Truck Alliance worth $12,463,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Tobam acquired a new position in Full Truck Alliance in the second quarter valued at $35,000. Blue Trust Inc. acquired a new position in shares of Full Truck Alliance during the 2nd quarter valued at about $38,000. Atomi Financial Group Inc. lifted its holdings in shares of 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 acquiring an additional 1,329 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Full Truck Alliance by 34.0% in the first quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company’s stock worth $98,000 after acquiring an additional 3,421 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Full Truck Alliance in the first quarter valued at approximately $145,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Price Performance

Shares of NYSE:YMM opened at $8.99 on Wednesday. The business has a 50-day moving average of $8.39 and a two-hundred day moving average of $8.33. The firm has a market capitalization of $9.47 billion, a PE ratio of 25.69 and a beta of 0.23. Full Truck Alliance Co. Ltd. has a 12 month low of $5.70 and a 12 month high of $10.29.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $380.38 million for the quarter, compared to analyst estimates of $369.24 million. Full Truck Alliance had a net margin of 26.80% and a return on equity of 7.88%. As a group, research analysts anticipate that Full Truck Alliance Co. Ltd. will post 0.41 earnings per share for the current year.

Analysts Set New Price Targets

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

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.