Investors Buy Large Volume of Call Options on Full Truck Alliance (NYSE:YMM)

Full Truck Alliance Co. Ltd. (NYSE:YMM) was the recipient of unusually large options trading on Tuesday. Investors acquired 4,573 call options on the stock. This represents an increase of 156% compared to the average volume of 1,788 call options.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their target price on 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 Price Performance

Shares of YMM stock opened at $8.90 on Thursday. Full Truck Alliance has a 1-year low of $5.70 and a 1-year high of $10.29. The stock’s fifty day moving average price is $8.00 and its 200 day moving average price is $8.21. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 25.43 and a beta of 0.23.

Full Truck Alliance (NYSE:YMM) last issued its quarterly earnings results on Wednesday, August 21st. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Full Truck Alliance had a return on equity of 7.88% and a net margin of 26.80%. The company had revenue of $380.38 million during the quarter, compared to analysts’ expectations of $369.24 million. As a group, equities research analysts anticipate that Full Truck Alliance will post 0.41 earnings per share for the current year.

Institutional Trading of Full Truck Alliance

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Full Truck Alliance by 0.7% during the 1st 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 period. Mubadala Investment Co PJSC lifted its position in 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 worth $121,966,000 after acquiring an additional 5,263,157 shares during the period. Janus Henderson Group PLC lifted its position in 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 worth $85,822,000 after acquiring an additional 317,980 shares during the period. Bamco Inc. NY lifted its position in Full Truck Alliance by 2.3% during the 1st 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 period. Finally, Sylebra Capital LLC lifted its position in Full Truck Alliance by 57.9% during the 2nd 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 period. Institutional investors and hedge funds own 39.02% of the company’s stock.

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.