Sylebra Capital LLC Sells 1,502,703 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Sylebra Capital LLC cut its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 18.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,509,215 shares of the company’s stock after selling 1,502,703 shares during the quarter. Full Truck Alliance comprises about 1.9% of Sylebra Capital LLC’s holdings, making the stock its 12th biggest holding. Sylebra Capital LLC owned about 0.62% of Full Truck Alliance worth $58,648,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of YMM. Tobam purchased a new stake in Full Truck Alliance in the second quarter worth $35,000. Blue Trust Inc. purchased a new stake in shares of Full Truck Alliance in the 2nd quarter worth about $38,000. Atomi Financial Group Inc. increased its stake 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 acquiring an additional 1,329 shares in the last quarter. Aigen Investment Management LP purchased a new position in Full Truck Alliance during the 3rd quarter valued at about $151,000. Finally, Scientech Research LLC purchased a new position in Full Truck Alliance during the 2nd quarter valued at about $156,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Price Performance

Shares of Full Truck Alliance stock opened at $12.29 on Tuesday. The stock has a market cap of $12.95 billion, a price-to-earnings ratio of 29.26 and a beta of 0.28. Full Truck Alliance Co. Ltd. has a 1 year low of $5.70 and a 1 year high of $12.47. The firm’s 50-day moving average is $9.35 and its 200 day moving average is $8.47.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Citigroup raised their target price on shares of Full Truck Alliance from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Barclays cut their price target on Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd.

Full Truck Alliance 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.