Investors Purchase Large Volume of Full Truck Alliance Call Options (NYSE:YMM)

Full Truck Alliance Co. Ltd. (NYSE:YMM) was the recipient of some unusual options trading on Wednesday. Traders bought 11,020 call options on the stock. This represents an increase of 861% compared to the typical daily volume of 1,147 call options.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Tobam acquired a new position in shares of Full Truck Alliance during the 2nd quarter worth about $35,000. Blue Trust Inc. bought a new stake in shares of Full Truck Alliance in the 2nd quarter valued at approximately $38,000. Atomi Financial Group Inc. grew its stake 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 purchasing an additional 1,329 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Full Truck Alliance by 34.0% in the 1st quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company’s stock valued at $98,000 after purchasing an additional 3,421 shares during the period. Finally, Barometer Capital Management Inc. bought a new stake in shares of Full Truck Alliance in the 4th quarter valued at approximately $122,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Trading Up 3.8 %

Shares of YMM stock opened at $7.72 on Friday. Full Truck Alliance has a 1-year low of $5.70 and a 1-year high of $9.68. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 24.13 and a beta of 0.20. The stock’s fifty day simple moving average is $7.49 and its 200-day simple moving average is $7.93.

Full Truck Alliance (NYSE:YMM) last issued its earnings results on Wednesday, August 21st. The company reported $0.12 EPS for the quarter, beating 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 firm had revenue of $380.38 million for the quarter, compared to the consensus estimate of $369.24 million. On average, sell-side analysts predict that Full Truck Alliance will post 0.41 EPS for the current 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.