Virtu Financial LLC Purchases New Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Virtu Financial LLC acquired a new position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 28,930 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barometer Capital Management Inc. purchased a new stake in shares of Full Truck Alliance during the fourth quarter valued at approximately $122,000. Aigen Investment Management LP purchased a new position in shares of Full Truck Alliance in the fourth quarter valued at $202,000. abrdn plc raised its stake in shares of Full Truck Alliance by 11.1% during the 4th quarter. abrdn plc now owns 34,748 shares of the company’s stock valued at $244,000 after purchasing an additional 3,473 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Full Truck Alliance by 216.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,451 shares of the company’s stock worth $403,000 after purchasing an additional 39,302 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in Full Truck Alliance during the 4th quarter worth about $568,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on YMM. Barclays lifted their target price on Full Truck Alliance from $6.00 to $9.00 and gave the company an “equal weight” rating in a report on Friday, May 24th. Daiwa America raised shares of Full Truck Alliance to a “strong-buy” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $9.33.

Full Truck Alliance Trading Down 0.7 %

Shares of YMM opened at $8.80 on Monday. Full Truck Alliance Co. Ltd. has a 12-month low of $5.70 and a 12-month high of $9.68. The stock has a 50-day moving average price of $8.71 and a 200-day moving average price of $7.49.

Full Truck Alliance (NYSE:YMM) last announced its earnings results on Tuesday, May 21st. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates 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%. As a group, research analysts expect that Full Truck Alliance Co. Ltd. will post 0.41 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 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.