Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Acquired by Sylebra Capital LLC

Sylebra Capital LLC raised its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 57.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,011,918 shares of the company’s stock after buying an additional 2,939,456 shares during the period. Full Truck Alliance makes up 2.4% of Sylebra Capital LLC’s portfolio, making the stock its 11th biggest position. Sylebra Capital LLC’s holdings in Full Truck Alliance were worth $64,416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in YMM. Tobam bought a new position in Full Truck Alliance during the second quarter valued at about $35,000. Blue Trust Inc. acquired a new position in shares of Full Truck Alliance in the 2nd quarter worth approximately $38,000. Atomi Financial Group Inc. raised its holdings in shares of Full Truck Alliance by 12.4% in 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 in the last quarter. Advisors Asset Management Inc. lifted its stake in Full Truck Alliance by 34.0% during the first quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company’s stock valued at $98,000 after purchasing an additional 3,421 shares during the last quarter. Finally, Barometer Capital Management Inc. bought a new stake in Full Truck Alliance during the fourth quarter worth approximately $122,000. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Price Performance

Full Truck Alliance stock opened at $9.20 on Monday. The company has a market cap of $9.69 billion, a P/E ratio of 28.75 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a fifty-two week low of $5.70 and a fifty-two week high of $9.68. The firm’s 50 day simple moving average is $7.52 and its 200-day simple moving average is $8.02.

Full Truck Alliance (NYSE:YMM) last released its earnings results on Wednesday, August 21st. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $380.38 million during the quarter, compared to analyst estimates of $369.24 million. On average, analysts expect that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barclays cut their price objective on 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 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.