Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Sold by Blue Creek Capital Management Ltd

Blue Creek Capital Management Ltd cut its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 2.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,075,000 shares of the company’s stock after selling 112,000 shares during the period. Full Truck Alliance comprises approximately 20.9% of Blue Creek Capital Management Ltd’s investment portfolio, making the stock its 2nd biggest holding. Blue Creek Capital Management Ltd’s holdings in Full Truck Alliance were worth $25,346,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Farallon Capital Management LLC raised its position in shares of Full Truck Alliance by 0.8% in the first quarter. Farallon Capital Management LLC now owns 43,805,238 shares of the company’s stock worth $333,358,000 after acquiring an additional 365,495 shares during the period. Vanguard Group Inc. raised its position in shares of Full Truck Alliance by 1.6% in the third quarter. Vanguard Group Inc. now owns 23,440,485 shares of the company’s stock worth $153,535,000 after acquiring an additional 366,952 shares during the period. SB Investment Advisers UK Ltd. raised its position in shares of Full Truck Alliance by 97.4% in the first quarter. SB Investment Advisers UK Ltd. now owns 17,241,440 shares of the company’s stock worth $131,207,000 after acquiring an additional 8,505,744 shares during the period. Ward Ferry Management BVI Ltd raised its position in shares of Full Truck Alliance by 17.6% in the first quarter. Ward Ferry Management BVI Ltd now owns 16,230,684 shares of the company’s stock worth $123,516,000 after acquiring an additional 2,432,229 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Full Truck Alliance by 20.1% in the first quarter. Bank of America Corp DE now owns 16,018,544 shares of the company’s stock worth $121,901,000 after acquiring an additional 2,685,633 shares during the period. Institutional investors and hedge funds own 39.02% of the company’s stock.

Full Truck Alliance Trading Down 3.7 %

Shares of Full Truck Alliance stock traded down $0.30 during trading hours on Tuesday, reaching $7.79. The stock had a trading volume of 2,563,161 shares, compared to its average volume of 5,511,623. The stock’s 50 day moving average is $6.98 and its 200 day moving average is $6.73. The firm has a market capitalization of $8.61 billion, a PE ratio of 35.27 and a beta of 0.21. Full Truck Alliance Co. Ltd. has a twelve month low of $5.41 and a twelve month high of $10.18.

Full Truck Alliance (NYSE:YMM) last issued its quarterly earnings data on Wednesday, August 23rd. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Full Truck Alliance had a net margin of 21.26% and a return on equity of 4.88%. The business had revenue of $284.37 million during the quarter, compared to the consensus estimate of $273.30 million. As a group, sell-side analysts predict that Full Truck Alliance Co. Ltd. will post 0.31 earnings per share 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 listing, matching, 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.