OVERSEA CHINESE BANKING Corp Ltd Buys 90,530 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

OVERSEA CHINESE BANKING Corp Ltd raised its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 14.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 704,770 shares of the company’s stock after buying an additional 90,530 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned about 0.07% of Full Truck Alliance worth $6,347,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Tobam purchased a new position in shares of Full Truck Alliance in the 2nd quarter valued at approximately $35,000. Blue Trust Inc. purchased a new position in Full Truck Alliance during the second quarter valued at $38,000. Atomi Financial Group Inc. raised its stake in Full Truck Alliance by 12.4% during the second quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock valued at $97,000 after buying an additional 1,329 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Full Truck Alliance by 34.0% in the first quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company’s stock worth $98,000 after purchasing an additional 3,421 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Full Truck Alliance in the first quarter worth $145,000. 39.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays decreased their price target on Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd.

Full Truck Alliance Trading Up 1.8 %

NYSE:YMM opened at $8.91 on Tuesday. Full Truck Alliance Co. Ltd. has a 12-month low of $5.70 and a 12-month high of $10.29. The stock has a 50-day moving average price of $8.56 and a 200 day moving average price of $8.36. The stock has a market capitalization of $9.39 billion, a P/E ratio of 25.46 and a beta of 0.23.

Full Truck Alliance (NYSE:YMM) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.12 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, research analysts predict 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.