Marshall Wace LLP Decreases Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Marshall Wace LLP reduced its position in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 36.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,251 shares of the company’s stock after selling 25,449 shares during the quarter. Marshall Wace LLP’s holdings in Full Truck Alliance were worth $356,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Tobam acquired a new stake in Full Truck Alliance in the 2nd quarter worth approximately $35,000. Blue Trust Inc. purchased a new stake in shares of Full Truck Alliance during the second quarter valued at $38,000. Atomi Financial Group Inc. increased its position in shares of 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 acquiring an additional 1,329 shares during the period. Advisors Asset Management Inc. raised 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 worth $98,000 after acquiring an additional 3,421 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Full Truck Alliance during the 1st quarter worth about $145,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barclays cut their price objective on 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 Price Performance

NYSE:YMM opened at $9.18 on Friday. The company’s fifty day moving average price is $7.84 and its 200-day moving average price is $8.15. Full Truck Alliance Co. Ltd. has a 1-year low of $5.70 and a 1-year high of $10.29. The firm has a market capitalization of $9.67 billion, a P/E ratio of 28.69 and a beta of 0.23.

Full Truck Alliance (NYSE:YMM) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $380.38 million for the quarter, compared to the consensus estimate of $369.24 million. Full Truck Alliance had a return on equity of 7.88% and a net margin of 26.80%. Equities analysts anticipate that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current fiscal year.

About Full Truck Alliance

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.