Full Truck Alliance Target of Unusually High Options Trading (NYSE:YMM)

Full Truck Alliance Co. Ltd. (NYSE:YMM) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 11,020 call options on the company. This represents an increase of approximately 861% compared to the typical volume of 1,147 call options.

Full Truck Alliance Stock Down 1.1 %

Shares of NYSE YMM opened at $7.44 on Thursday. The stock has a market cap of $7.84 billion, a PE ratio of 23.25 and a beta of 0.20. The business has a 50-day moving average price of $7.49 and a 200 day moving average price of $7.93. Full Truck Alliance has a 52-week low of $5.70 and a 52-week high of $9.68.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings results on Wednesday, August 21st. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $380.38 million for 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%. Sell-side analysts anticipate that Full Truck Alliance will post 0.41 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Barclays lowered 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.

Hedge Funds Weigh In On Full Truck Alliance

Several institutional investors have recently bought and sold shares of YMM. Jupiter Asset Management Ltd. purchased a new stake in shares of Full Truck Alliance in the first quarter valued at about $13,854,000. Janus Henderson Group PLC raised its holdings in Full Truck Alliance by 2.8% during the first quarter. Janus Henderson Group PLC now owns 11,807,182 shares of the company’s stock worth $85,822,000 after purchasing an additional 317,980 shares in the last quarter. National Bank of Canada FI acquired a new stake in Full Truck Alliance in the second quarter valued at about $1,092,000. Acadian Asset Management LLC purchased a new stake in Full Truck Alliance in the 2nd quarter valued at approximately $6,988,000. Finally, Mubadala Investment Co PJSC purchased a new stake in Full Truck Alliance in the 4th quarter valued at approximately $80,709,000. 39.02% of the stock is owned by institutional investors and hedge funds.

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.