Maple Brown Abbott Ltd Takes $517,000 Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Maple Brown Abbott Ltd acquired a new stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 57,372 shares of the company’s stock, valued at approximately $517,000. Full Truck Alliance accounts for about 0.1% of Maple Brown Abbott Ltd’s investment portfolio, making the stock its 16th biggest holding.

A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Full Truck Alliance by 0.7% in the first quarter. Vanguard Group Inc. now owns 25,698,222 shares of the company’s stock worth $186,826,000 after acquiring an additional 170,657 shares during the last quarter. Mubadala Investment Co PJSC lifted its stake in Full Truck Alliance by 45.7% in the first quarter. Mubadala Investment Co PJSC now owns 16,776,591 shares of the company’s stock worth $121,966,000 after acquiring an additional 5,263,157 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Full Truck Alliance by 2.8% in the first quarter. Janus Henderson Group PLC now owns 11,807,182 shares of the company’s stock worth $85,822,000 after acquiring an additional 317,980 shares during the last quarter. Bamco Inc. NY lifted its stake in Full Truck Alliance by 2.3% in the first quarter. Bamco Inc. NY now owns 10,819,188 shares of the company’s stock worth $78,655,000 after acquiring an additional 238,622 shares during the last quarter. Finally, Sylebra Capital LLC lifted its stake in Full Truck Alliance by 57.9% in the second quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company’s stock worth $64,416,000 after acquiring an additional 2,939,456 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Analyst Ratings Changes

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

Full Truck Alliance Price Performance

NYSE:YMM opened at $9.80 on Thursday. The firm’s fifty day moving average price is $7.61 and its 200 day moving average price is $8.05. Full Truck Alliance Co. Ltd. has a 1-year low of $5.70 and a 1-year high of $10.00. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 30.63 and a beta of 0.20.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings data on Wednesday, August 21st. The company reported $0.12 earnings per share 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 firm had revenue of $380.38 million for the quarter, compared to analyst estimates of $369.24 million. As a group, analysts expect that Full Truck Alliance Co. Ltd. will post 0.41 earnings per share for the current fiscal 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.