Laurion Capital Management LP Takes $2.24 Million Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Laurion Capital Management LP purchased a new stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 110,000 shares of the company’s stock, valued at approximately $2,242,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legal & General Group Plc purchased a new position in shares of Full Truck Alliance in the 2nd quarter valued at about $51,000. UG Investment Advisers Ltd. purchased a new position in shares of Full Truck Alliance in the 2nd quarter valued at about $204,000. Monashee Investment Management LLC purchased a new position in Full Truck Alliance during the 2nd quarter valued at about $245,000. Magnetar Financial LLC purchased a new position in Full Truck Alliance during the 2nd quarter valued at about $611,000. Finally, Sei Investments Co. purchased a new position in Full Truck Alliance during the 2nd quarter valued at about $1,196,000. Institutional investors and hedge funds own 23.74% of the company’s stock.

YMM has been the subject of several recent research reports. The Goldman Sachs Group initiated coverage on shares of Full Truck Alliance in a report on Tuesday, August 3rd. They set a “buy” rating and a $20.50 target price for the company. China Renaissance Securities initiated coverage on shares of Full Truck Alliance in a report on Monday, August 2nd. They set a “buy” rating for the company. Finally, Citigroup initiated coverage on shares of Full Truck Alliance in a report on Wednesday, August 25th. They set a “buy” rating and a $19.50 target price for the company.

NYSE:YMM traded down $0.07 during mid-day trading on Thursday, hitting $14.73. 15,274 shares of the company’s stock traded hands, compared to its average volume of 3,791,079. Full Truck Alliance Co. Ltd. has a 1 year low of $7.95 and a 1 year high of $22.80. The business has a 50 day simple moving average of $14.95.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings results on Tuesday, August 10th. The company reported ($1.09) earnings per share (EPS) for the quarter. The business had revenue of $173.28 million for the quarter.

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. It offers freight listing, matching, and brokerage services; and online transaction services, as well as various value-added services.

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Institutional Ownership by Quarter for Full Truck Alliance (NYSE:YMM)

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