Polunin Capital Partners Ltd Acquires Shares of 3,337,424 Full Truck Alliance Co. Ltd. (NYSE:YMM)

Polunin Capital Partners Ltd bought a new position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,337,424 shares of the company’s stock, valued at approximately $29,632,000. Full Truck Alliance makes up 6.9% of Polunin Capital Partners Ltd’s investment portfolio, making the stock its 8th largest position.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of 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 buying an additional 170,657 shares during the period. Mubadala Investment Co PJSC grew its position in shares of 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 buying an additional 5,263,157 shares during the period. Janus Henderson Group PLC increased its stake in shares of Full Truck Alliance by 2.8% in the 1st quarter. Janus Henderson Group PLC now owns 11,807,182 shares of the company’s stock valued at $85,822,000 after acquiring an additional 317,980 shares during the last quarter. Bamco Inc. NY raised its position in shares of Full Truck Alliance by 2.3% in the 1st quarter. Bamco Inc. NY now owns 10,819,188 shares of the company’s stock valued at $78,655,000 after acquiring an additional 238,622 shares during the period. Finally, Sylebra Capital LLC grew its holdings in Full Truck Alliance by 57.9% during the second quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company’s stock valued at $64,416,000 after purchasing an additional 2,939,456 shares during the period. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Trading Down 0.4 %

Shares of NYSE YMM traded down $0.04 during mid-day trading on Friday, reaching $8.98. 3,824,592 shares of the company’s stock were exchanged, compared to its average volume of 8,685,517. The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of 28.06 and a beta of 0.23. Full Truck Alliance Co. Ltd. has a twelve month low of $5.70 and a twelve month high of $10.29. The business has a fifty day simple moving average of $8.21 and a 200 day simple moving average of $8.27.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings results on Wednesday, August 21st. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $380.38 million for the quarter, compared to the consensus estimate of $369.24 million. Full Truck Alliance had a return on equity of 7.88% and a net margin of 26.80%. Equities research analysts predict that Full Truck Alliance Co. Ltd. will post 0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Barclays reduced 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 research report on Friday, August 23rd.

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.