OVERSEA CHINESE BANKING Corp Ltd Increases Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 14.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 704,770 shares of the company’s stock after purchasing an additional 90,530 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Full Truck Alliance were worth $6,347,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Beijing Investment Ltd acquired a new position in shares of Full Truck Alliance in the 3rd quarter valued at about $123,804,000. Mubadala Investment Co PJSC increased its stake in shares of Full Truck Alliance by 45.7% in the 1st quarter. Mubadala Investment Co PJSC now owns 16,776,591 shares of the company’s stock valued at $121,966,000 after purchasing an additional 5,263,157 shares in the last quarter. Sylebra Capital LLC purchased a new position in shares of Full Truck Alliance in the 1st quarter valued at about $36,877,000. Polunin Capital Partners Ltd purchased a new position in shares of Full Truck Alliance in the 3rd quarter valued at about $29,632,000. Finally, Jupiter Asset Management Ltd. purchased a new stake in Full Truck Alliance during the 1st quarter worth approximately $13,854,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays cut their price objective 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 Stock Up 1.8 %

NYSE:YMM opened at $8.91 on Tuesday. The stock’s fifty day moving average is $8.56 and its two-hundred day moving average is $8.36. Full Truck Alliance Co. Ltd. has a 52 week low of $5.70 and a 52 week high of $10.29. The stock has a market capitalization of $9.39 billion, a price-to-earnings ratio of 25.46 and a beta of 0.23.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings data 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. Full Truck Alliance had a return on equity of 7.88% and a net margin of 26.80%. The business had revenue of $380.38 million for the quarter, compared to analyst estimates of $369.24 million. On average, sell-side analysts expect that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current fiscal 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.