Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 10.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,701,028 shares of the company’s stock after purchasing an additional 353,891 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Full Truck Alliance were worth $33,346,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tobam bought a new stake in shares of Full Truck Alliance during the 2nd quarter valued at about $35,000. Blue Trust Inc. bought a new position in shares of Full Truck Alliance during the second quarter valued at approximately $38,000. Atomi Financial Group Inc. raised its position in shares of Full Truck Alliance by 12.4% during 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 holdings 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 worth $98,000 after purchasing an additional 3,421 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Full Truck Alliance during the 1st quarter valued at approximately $145,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 report on Friday, August 23rd.

Full Truck Alliance Trading Up 0.8 %

Shares of NYSE:YMM opened at $8.99 on Wednesday. The firm’s 50 day moving average is $8.39 and its two-hundred day moving average is $8.33. The firm has a market capitalization of $9.47 billion, a P/E ratio of 25.69 and a beta of 0.23. Full Truck Alliance Co. Ltd. has a 52 week low of $5.70 and a 52 week high of $10.29.

Full Truck Alliance (NYSE:YMM) last posted its earnings results on Wednesday, August 21st. The company reported $0.12 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $380.38 million for the quarter, compared to analysts’ expectations of $369.24 million. Analysts predict that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current 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.