SG Americas Securities LLC Invests $10.81 Million in Full Truck Alliance Co. Ltd. (NYSE:YMM)

SG Americas Securities LLC acquired a new position in Full Truck Alliance Co. Ltd. (NYSE:YMM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,200,185 shares of the company’s stock, valued at approximately $10,814,000. SG Americas Securities LLC owned 0.11% of Full Truck Alliance as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in YMM. Mubadala Investment Co PJSC bought a new stake in Full Truck Alliance during the 4th quarter worth approximately $80,709,000. Sylebra Capital LLC purchased a new stake in Full Truck Alliance during the 1st quarter valued at approximately $36,877,000. Jupiter Asset Management Ltd. purchased a new stake in Full Truck Alliance during the 1st quarter valued at approximately $13,854,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Full Truck Alliance by 1,220.8% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,985,200 shares of the company’s stock valued at $15,961,000 after buying an additional 1,834,900 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in Full Truck Alliance by 6,042.8% during the 2nd quarter. Squarepoint Ops LLC now owns 1,131,264 shares of the company’s stock valued at $9,095,000 after buying an additional 1,112,848 shares in the last quarter. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Trading Up 5.6 %

Shares of YMM stock traded up $0.53 on Friday, reaching $10.03. The company’s stock had a trading volume of 20,790,957 shares, compared to its average volume of 8,610,578. The stock’s fifty day simple moving average is $7.64 and its 200-day simple moving average is $8.07. Full Truck Alliance Co. Ltd. has a 1 year low of $5.70 and a 1 year high of $10.20. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 31.34 and a beta of 0.23.

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

Wall Street Analyst Weigh In

Separately, Barclays cut their price objective on shares of Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating for the company in a 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.