Robeco Institutional Asset Management B.V. Increases Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Robeco Institutional Asset Management B.V. raised its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 10.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,701,028 shares of the company’s stock after purchasing an additional 353,891 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.35% of Full Truck Alliance worth $33,346,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mubadala Investment Co PJSC raised its holdings 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 valued at $121,966,000 after buying an additional 5,263,157 shares during the period. Sylebra Capital LLC purchased a new stake in shares of Full Truck Alliance during the first quarter valued at approximately $36,877,000. Polunin Capital Partners Ltd acquired a new position in shares of Full Truck Alliance during the third quarter worth $29,632,000. Jupiter Asset Management Ltd. purchased a new position in shares of Full Truck Alliance in the first quarter valued at $13,854,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Full Truck Alliance by 1,220.8% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,985,200 shares of the company’s stock valued at $15,961,000 after purchasing an additional 1,834,900 shares in the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

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

Full Truck Alliance Trading Up 0.8 %

Full Truck Alliance stock opened at $8.99 on Wednesday. The stock has a 50 day moving average of $8.39 and a 200-day moving average of $8.33. The stock has a market cap 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 announced its quarterly earnings data on Wednesday, August 21st. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate 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 net margin of 26.80% and a return on equity of 7.88%. As a group, equities analysts predict that Full Truck Alliance Co. Ltd. will post 0.41 earnings per share for the current fiscal year.

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.