Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC increased its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 2,474.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 854,104 shares of the company’s stock after acquiring an additional 820,928 shares during the period. Cubist Systematic Strategies LLC’s holdings in Full Truck Alliance were worth $6,867,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Tobam acquired a new stake in shares of Full Truck Alliance during the 2nd quarter worth $35,000. Blue Trust Inc. acquired a new stake in Full Truck Alliance during the second quarter worth about $38,000. Atomi Financial Group Inc. raised its holdings 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 worth $97,000 after purchasing an additional 1,329 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Full Truck Alliance by 34.0% in 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 in the last quarter. Finally, Barometer Capital Management Inc. purchased a new stake in shares of Full Truck Alliance during the 4th quarter worth about $122,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Barclays cut 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 report on Friday, August 23rd.

Full Truck Alliance Stock Performance

Full Truck Alliance stock opened at $9.07 on Friday. The firm has a market capitalization of $9.56 billion, a PE ratio of 28.34 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a one year low of $5.70 and a one year high of $9.68. The stock’s 50 day moving average price is $7.50 and its 200 day moving average price is $7.99.

Full Truck Alliance (NYSE:YMM) last announced its earnings results on Wednesday, August 21st. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $369.24 million. On average, analysts forecast 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.