Full Truck Alliance (NYSE:YMM) Shares Gap Down – Time to Sell?

Full Truck Alliance Co. Ltd. (NYSE:YMM) gapped down before the market opened on Monday . The stock had previously closed at $8.88, but opened at $8.70. Full Truck Alliance shares last traded at $8.73, with a volume of 536,994 shares trading hands.

Analyst Upgrades and Downgrades

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

Full Truck Alliance Trading Down 0.9 %

The company has a market capitalization of $9.27 billion, a P/E ratio of 25.37 and a beta of 0.23. The company’s fifty day moving average is $8.06 and its 200 day moving average is $8.23.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.12 EPS for the quarter, topping 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 firm had revenue of $380.38 million during the quarter, compared to analyst estimates of $369.24 million. Equities research analysts predict that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current year.

Institutional Investors Weigh In On Full Truck Alliance

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Full Truck Alliance by 0.7% during the first quarter. Vanguard Group Inc. now owns 25,698,222 shares of the company’s stock valued at $186,826,000 after acquiring an additional 170,657 shares in the last quarter. 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 valued at $121,966,000 after purchasing an additional 5,263,157 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Full Truck Alliance by 2.8% in the first quarter. Janus Henderson Group PLC now owns 11,807,182 shares of the company’s stock worth $85,822,000 after purchasing an additional 317,980 shares during the period. Bamco Inc. NY raised its position in shares of Full Truck Alliance by 2.3% in the first quarter. Bamco Inc. NY now owns 10,819,188 shares of the company’s stock worth $78,655,000 after buying an additional 238,622 shares in the last quarter. Finally, Sylebra Capital LLC boosted its stake 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 buying an additional 2,939,456 shares during the period. 39.02% of the stock is currently owned by institutional investors.

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.