Aigen Investment Management LP Buys Shares of 16,753 Full Truck Alliance Co. Ltd. (NYSE:YMM)

Aigen Investment Management LP bought a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,753 shares of the company’s stock, valued at approximately $151,000.

Other large investors also recently added to or reduced their stakes in the company. Tobam acquired a new stake in Full Truck Alliance during the 2nd quarter valued at $35,000. Blue Trust Inc. acquired a new stake in Full Truck Alliance during the 2nd quarter valued at $38,000. Atomi Financial Group Inc. raised its stake in Full Truck Alliance by 12.4% during 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 stake in Full Truck Alliance by 34.0% during 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, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Full Truck Alliance during the 1st quarter valued at $145,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Full Truck Alliance Trading Up 0.8 %

NYSE YMM opened at $8.32 on Monday. Full Truck Alliance Co. Ltd. has a 1-year low of $5.70 and a 1-year high of $10.29. The company has a market capitalization of $8.77 billion, a PE ratio of 23.77 and a beta of 0.23. The firm’s fifty day simple moving average is $8.66 and its 200-day simple moving average is $8.35.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings results 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 net margin of 26.80% and a return on equity of 7.88%. The business had revenue of $380.38 million for the quarter, compared to the consensus estimate of $369.24 million. As a group, analysts predict that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current 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.