First Beijing Investment Ltd Purchases New Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

by · The Cerbat Gem

First Beijing Investment Ltd acquired a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,740,729 shares of the company’s stock, valued at approximately $123,804,000. Full Truck Alliance accounts for approximately 9.1% of First Beijing Investment Ltd’s investment portfolio, making the stock its 4th biggest position. First Beijing Investment Ltd owned 1.30% of Full Truck Alliance as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Atomi Financial Group Inc. grew its position 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. raised its holdings 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 worth $98,000 after acquiring an additional 3,421 shares during the period. Tobam bought a new stake in Full Truck Alliance in the 2nd quarter valued at $35,000. Blue Trust Inc. acquired a new position in Full Truck Alliance in the 2nd quarter worth $38,000. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Full Truck Alliance by 29.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,969 shares of the company’s stock worth $209,000 after purchasing an additional 5,847 shares in the last quarter. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Price Performance

YMM traded down $0.26 during trading on Wednesday, hitting $8.73. The stock had a trading volume of 1,491,147 shares, compared to its average volume of 8,539,688. The company has a 50 day moving average price of $8.39 and a 200-day moving average price of $8.33. Full Truck Alliance Co. Ltd. has a one year low of $5.70 and a one year high of $10.29. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of 25.69 and a beta of 0.23.

Full Truck Alliance (NYSE:YMM – Get Free Report) last announced its earnings results on Wednesday, August 21st. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $380.38 million for the quarter, compared to analysts’ expectations of $369.24 million. Full Truck Alliance had a net margin of 26.80% and a return on equity of 7.88%. As a group, sell-side analysts predict that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Barclays reduced 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 note on Friday, August 23rd.

Read Our Latest Stock Report on Full Truck Alliance

About Full Truck Alliance

(Free Report)

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.

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