Investors Buy Large Volume of Call Options on Full Truck Alliance (NYSE:YMM)

Full Truck Alliance Co. Ltd. (NYSE:YMM) saw unusually large options trading on Tuesday. Traders bought 4,573 call options on the company. This represents an increase of 156% compared to the average volume of 1,788 call options.

Wall Street Analyst Weigh In

Separately, Barclays decreased their target price on 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.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of YMM. Mubadala Investment Co PJSC increased its holdings in 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 purchasing an additional 5,263,157 shares during the period. Sylebra Capital LLC purchased a new position in shares of Full Truck Alliance in the 1st quarter valued at $36,877,000. Jupiter Asset Management Ltd. purchased a new position in shares of Full Truck Alliance in the 1st quarter valued at $13,854,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Full Truck Alliance by 1,220.8% in 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 acquiring an additional 1,834,900 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Full Truck Alliance in the 3rd quarter valued at $10,814,000. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Price Performance

Shares of YMM stock opened at $8.90 on Thursday. Full Truck Alliance has a 1 year low of $5.70 and a 1 year high of $10.29. The stock’s 50 day simple moving average is $8.00 and its two-hundred day simple moving average is $8.21. The company has a market cap of $9.38 billion, a PE ratio of 25.43 and a beta of 0.23.

Full Truck Alliance (NYSE:YMM) last issued its quarterly earnings data 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 business had revenue of $380.38 million for the quarter, compared to the consensus estimate of $369.24 million. Equities research analysts expect that Full Truck Alliance will post 0.41 EPS for the current 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.