Van ECK Associates Corp Decreases Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Van ECK Associates Corp reduced its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,380,263 shares of the company’s stock after selling 15,469 shares during the quarter. Van ECK Associates Corp’s holdings in Full Truck Alliance were worth $12,463,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of YMM. Jupiter Asset Management Ltd. purchased a new stake in shares of Full Truck Alliance during the first quarter valued at approximately $13,854,000. Sylebra Capital LLC increased its holdings in Full Truck Alliance by 57.9% during the 2nd quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company’s stock worth $64,416,000 after purchasing an additional 2,939,456 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Full Truck Alliance by 2.8% in the 1st quarter. Janus Henderson Group PLC now owns 11,807,182 shares of the company’s stock valued at $85,822,000 after purchasing an additional 317,980 shares in the last quarter. National Bank of Canada FI bought a new stake in shares of Full Truck Alliance in the second quarter worth $1,092,000. Finally, Acadian Asset Management LLC acquired a new stake in Full Truck Alliance in the second quarter valued at $6,988,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barclays reduced their price target on shares of 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.

Full Truck Alliance Trading Up 0.8 %

Shares of NYSE:YMM opened at $8.99 on Wednesday. The firm’s 50 day moving average is $8.39 and its two-hundred day moving average is $8.33. The firm has a market capitalization of $9.47 billion, a P/E ratio of 25.69 and a beta of 0.23. Full Truck Alliance Co. Ltd. has a 52 week low of $5.70 and a 52 week high of $10.29.

Full Truck Alliance (NYSE:YMM) last posted its earnings results on Wednesday, August 21st. The company reported $0.12 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $369.24 million. Analysts predict that Full Truck Alliance Co. Ltd. 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.