Farallon Capital Management LLC decreased its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM – Free Report) by 1.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 25,850,303 shares of the company’s stock after selling 434,756 shares during the period. Full Truck Alliance accounts for about 1.0% of Farallon Capital Management LLC’s holdings, making the stock its 27th largest position. Farallon Capital Management LLC owned about 2.34% of Full Truck Alliance worth $207,836,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tobam acquired a new position in Full Truck Alliance in the 2nd quarter valued at $35,000. Blue Trust Inc. bought a new position in Full Truck Alliance in the 2nd quarter worth approximately $38,000. Atomi Financial Group Inc. grew its stake in shares of Full Truck Alliance by 12.4% in the second 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 last quarter. Advisors Asset Management Inc. increased its position in Full Truck Alliance by 34.0% during 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 period. Finally, Barometer Capital Management Inc. bought a new stake in Full Truck Alliance in the 4th quarter valued at $122,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.
Full Truck Alliance Trading Up 0.5 %
Shares of YMM stock opened at $7.64 on Tuesday. The company has a market capitalization of $8.04 billion, a P/E ratio of 23.86 and a beta of 0.20. 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 of $7.46 and a two-hundred day moving average of $7.97.
Wall Street Analyst Weigh In
Separately, Barclays dropped 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.
Read Our Latest Stock Analysis on YMM
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.
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