Full Truck Alliance Target of Unusually Large Options Trading (NYSE:YMM)

Full Truck Alliance Co. Ltd. (NYSE:YMM) saw unusually large options trading on Wednesday. Investors purchased 11,020 call options on the company. This is an increase of 861% compared to the average volume of 1,147 call options.

Hedge Funds Weigh In On Full Truck Alliance

Hedge funds have recently modified their holdings of the stock. Jupiter Asset Management Ltd. acquired a new stake in Full Truck Alliance during the 1st quarter valued at $13,854,000. Janus Henderson Group PLC increased its holdings in Full Truck Alliance by 2.8% during the 1st quarter. Janus Henderson Group PLC now owns 11,807,182 shares of the company’s stock valued at $85,822,000 after purchasing an additional 317,980 shares in the last quarter. National Bank of Canada FI acquired a new stake in Full Truck Alliance during the 2nd quarter valued at $1,092,000. Acadian Asset Management LLC bought a new position in Full Truck Alliance in the 2nd quarter valued at $6,988,000. Finally, Mubadala Investment Co PJSC bought a new position in Full Truck Alliance in the 4th quarter valued at $80,709,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Trading Down 0.4 %

NYSE:YMM traded down $0.03 during mid-day trading on Wednesday, hitting $7.49. 974,578 shares of the company’s stock traded hands, compared to its average volume of 7,808,437. The firm has a 50 day moving average of $7.51 and a two-hundred day moving average of $7.94. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 23.52 and a beta of 0.20. Full Truck Alliance has a 12 month low of $5.70 and a 12 month high of $9.68.

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 during the quarter, compared to analysts’ expectations of $369.24 million. Full Truck Alliance had a return on equity of 7.88% and a net margin of 26.80%. As a group, equities research analysts expect that Full Truck Alliance will post 0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Barclays dropped 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.

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.