Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Sold by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. trimmed its position in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 5.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,203,906 shares of the company’s stock after selling 288,746 shares during the period. Full Truck Alliance makes up about 2.3% of E Fund Management Co. Ltd.’s portfolio, making the stock its 9th largest holding. E Fund Management Co. Ltd.’s holdings in Full Truck Alliance were worth $41,839,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Tobam purchased a new position in shares of Full Truck Alliance during the 2nd quarter valued at $35,000. Blue Trust Inc. acquired a new position in shares of Full Truck Alliance during the second quarter valued at about $38,000. Atomi Financial Group Inc. raised its position in shares of Full Truck Alliance by 12.4% during the second quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock valued at $97,000 after buying an additional 1,329 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Full Truck Alliance by 34.0% during the first quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company’s stock valued at $98,000 after buying an additional 3,421 shares during the last quarter. Finally, Barometer Capital Management Inc. acquired a new position in shares of Full Truck Alliance during the fourth quarter valued at about $122,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Trading Up 2.7 %

NYSE:YMM opened at $7.53 on Wednesday. Full Truck Alliance Co. Ltd. has a 1 year low of $5.70 and a 1 year high of $9.68. The firm has a 50 day moving average of $7.51 and a 200-day moving average of $7.94. The stock has a market capitalization of $7.93 billion, a P/E ratio of 23.52 and a beta of 0.20.

Full Truck Alliance (NYSE:YMM) last posted its earnings results on Wednesday, August 21st. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Full Truck Alliance had a net margin of 26.80% and a return on equity of 7.88%. The company had revenue of $380.38 million during the quarter, compared to analysts’ expectations of $369.24 million. As a group, analysts forecast that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.