Full Truck Alliance Co. Ltd. (NYSE:YMM) Stock Holdings Boosted by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 44.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,102 shares of the company’s stock after purchasing an additional 9,210 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Full Truck Alliance were worth $272,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Full Truck Alliance by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 25,698,222 shares of the company’s stock valued at $186,826,000 after acquiring an additional 170,657 shares during the last quarter. Mubadala Investment Co PJSC lifted its position in shares of Full Truck Alliance by 45.7% during the 1st quarter. Mubadala Investment Co PJSC now owns 16,776,591 shares of the company’s stock valued at $121,966,000 after acquiring an additional 5,263,157 shares during the last quarter. First Beijing Investment Ltd acquired a new stake in shares of Full Truck Alliance during the 3rd quarter valued at $123,804,000. Janus Henderson Group PLC lifted its position in shares of Full Truck Alliance by 2.8% during the 1st quarter. Janus Henderson Group PLC now owns 11,807,182 shares of the company’s stock valued at $85,822,000 after acquiring an additional 317,980 shares during the last quarter. Finally, Bamco Inc. NY lifted its position in shares of Full Truck Alliance by 2.3% during the 1st quarter. Bamco Inc. NY now owns 10,819,188 shares of the company’s stock valued at $78,655,000 after acquiring an additional 238,622 shares during the last quarter. 39.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Barclays cut their price objective on 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 Stock Up 0.8 %

YMM opened at $8.32 on Monday. The stock has a fifty day moving average of $8.66 and a 200-day moving average of $8.35. The firm has a market capitalization of $8.77 billion, a P/E ratio of 23.77 and a beta of 0.23. Full Truck Alliance Co. Ltd. has a 12-month low of $5.70 and a 12-month high of $10.29.

Full Truck Alliance (NYSE:YMM) last released 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. The company had revenue of $380.38 million during the quarter, compared to analyst estimates of $369.24 million. Full Truck Alliance had a return on equity of 7.88% and a net margin of 26.80%. On average, analysts expect that Full Truck Alliance Co. Ltd. will post 0.41 earnings per share for the current fiscal 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.