Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. reduced its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,459,756 shares of the company’s stock after selling 218,678 shares during the quarter. Baillie Gifford & Co.’s holdings in Full Truck Alliance were worth $112,392,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of YMM. Barometer Capital Management Inc. bought a new stake in shares of Full Truck Alliance during the 4th quarter worth about $122,000. Aigen Investment Management LP bought a new stake in Full Truck Alliance during the fourth quarter worth approximately $202,000. Virtu Financial LLC acquired a new stake in Full Truck Alliance in the fourth quarter worth approximately $203,000. Quadrature Capital Ltd bought a new position in Full Truck Alliance during the 4th quarter valued at $229,000. Finally, abrdn plc increased its position in shares of Full Truck Alliance by 11.1% during the 4th quarter. abrdn plc now owns 34,748 shares of the company’s stock valued at $244,000 after purchasing an additional 3,473 shares during the period. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Barclays upped their price objective on Full Truck Alliance from $6.00 to $9.00 and gave the company an “equal weight” rating in a report on Friday, May 24th. Daiwa America raised Full Truck Alliance to a “strong-buy” rating in a report on Friday, May 10th.

Full Truck Alliance Stock Down 0.6 %

Shares of NYSE:YMM traded down $0.05 during mid-day trading on Friday, hitting $8.11. The stock had a trading volume of 11,822,443 shares, compared to its average volume of 7,579,379. Full Truck Alliance Co. Ltd. has a 12-month low of $5.70 and a 12-month high of $9.68. The company’s 50 day moving average is $8.76 and its 200-day moving average is $7.57.

Full Truck Alliance (NYSE:YMM) last issued its earnings results on Tuesday, May 21st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $314.21 million during the quarter, compared to analysts’ expectations of $301.68 million. Full Truck Alliance had a return on equity of 7.23% and a net margin of 26.48%. As a group, research analysts expect that Full Truck Alliance Co. Ltd. will post 0.41 earnings per share for the current year.

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.