Blue Trust Inc. Purchases 5,226 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Blue Trust Inc. grew its position in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 109.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,999 shares of the company’s stock after acquiring an additional 5,226 shares during the period. Blue Trust Inc.’s holdings in Full Truck Alliance were worth $90,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Full Truck Alliance by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,527,565 shares of the company’s stock worth $178,948,000 after purchasing an additional 163,328 shares during the period. Quantbot Technologies LP boosted its stake in shares of Full Truck Alliance by 11,779.6% during the 1st quarter. Quantbot Technologies LP now owns 70,327 shares of the company’s stock worth $511,000 after acquiring an additional 69,735 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Full Truck Alliance during the 1st quarter worth approximately $2,875,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Full Truck Alliance in the 1st quarter valued at $145,000. Finally, Yunqi Capital Ltd lifted its holdings in 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 during the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Full Truck Alliance Trading Down 0.3 %

Full Truck Alliance stock opened at $9.13 on Wednesday. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of 26.09 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. The stock’s 50 day moving average is $8.28 and its 200-day moving average is $8.30.

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

Full Truck Alliance Company 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.