Octahedron Capital Management L.P. Sells 133,000 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Octahedron Capital Management L.P. lessened its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 23.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 432,300 shares of the company’s stock after selling 133,000 shares during the quarter. Full Truck Alliance makes up approximately 3.5% of Octahedron Capital Management L.P.’s portfolio, making the stock its 12th biggest holding. Octahedron Capital Management L.P.’s holdings in Full Truck Alliance were worth $3,476,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Tobam purchased a new position in Full Truck Alliance in the 2nd quarter valued at approximately $35,000. Blue Trust Inc. purchased a new position in Full Truck Alliance in the 2nd quarter valued at approximately $38,000. Atomi Financial Group Inc. grew its stake in Full Truck Alliance by 12.4% in the 2nd quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock valued at $97,000 after buying an additional 1,329 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Full Truck Alliance by 34.0% in the 1st quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company’s stock valued at $98,000 after buying an additional 3,421 shares in the last quarter. Finally, Barometer Capital Management Inc. purchased a new position in Full Truck Alliance in the 4th quarter valued at approximately $122,000. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Performance

NYSE YMM opened at $7.60 on Friday. Full Truck Alliance Co. Ltd. has a 52-week low of $5.70 and a 52-week high of $9.68. The company has a market capitalization of $8.01 billion, a P/E ratio of 23.75 and a beta of 0.20. The company has a fifty day moving average of $7.48 and a 200-day moving average of $7.93.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings data on Wednesday, August 21st. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $380.38 million during the quarter, compared to the consensus estimate 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, analysts forecast that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barclays reduced 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.