GSA Capital Partners LLP Trims Stock Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

GSA Capital Partners LLP cut its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 78.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,174 shares of the company’s stock after selling 167,796 shares during the period. GSA Capital Partners LLP’s holdings in Full Truck Alliance were worth $416,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Tobam purchased a new position in shares of Full Truck Alliance during the 2nd quarter worth approximately $35,000. Blue Trust Inc. purchased a new position in shares of Full Truck Alliance during the 2nd quarter worth approximately $38,000. Atomi Financial Group Inc. raised its stake in shares of Full Truck Alliance by 12.4% during the 2nd quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock worth $97,000 after buying an additional 1,329 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Full Truck Alliance by 34.0% during the 1st quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company’s stock worth $98,000 after buying an additional 3,421 shares in the last quarter. Finally, Scientech Research LLC purchased a new position in shares of Full Truck Alliance during the 2nd quarter worth approximately $156,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays cut their target price on Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd.

Full Truck Alliance Price Performance

YMM opened at $9.84 on Thursday. The stock has a market cap of $10.37 billion, a P/E ratio of 28.12 and a beta of 0.23. The stock’s 50 day simple moving average is $8.77 and its 200 day simple moving average is $8.36. Full Truck Alliance Co. Ltd. has a 1-year low of $5.70 and a 1-year high of $10.29.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings results on Wednesday, August 21st. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $380.38 million for 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%. Research analysts expect 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.