QRG Capital Management Inc. purchased a new position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,702 shares of the company's stock, valued at approximately $315,000.
Other institutional investors have also made changes to their positions in the company. Truist Financial Corp purchased a new stake in Full Truck Alliance in the 4th quarter worth approximately $143,000. Union Bancaire Privee UBP SA acquired a new stake in Full Truck Alliance during the fourth quarter valued at $647,000. Veritas Asset Management LLP purchased a new position in Full Truck Alliance in the fourth quarter valued at about $789,000. Capital Wealth Planning LLC acquired a new position in Full Truck Alliance in the 4th quarter worth about $1,395,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Full Truck Alliance during the 4th quarter worth about $64,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on YMM shares. JPMorgan Chase & Co. cut Full Truck Alliance from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $18.00 to $10.00 in a research note on Monday, April 14th. Industrial Alliance Securities set a $18.00 target price on shares of Full Truck Alliance in a research report on Thursday, March 6th. Citigroup dropped their price target on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Finally, Barclays lifted their price objective on shares of Full Truck Alliance from $7.00 to $13.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $15.00.
View Our Latest Report on Full Truck Alliance
Full Truck Alliance Price Performance
YMM traded up $0.05 on Friday, hitting $11.79. The company had a trading volume of 3,113,039 shares, compared to its average volume of 8,744,811. The stock has a market cap of $12.33 billion, a price-to-earnings ratio of 23.57 and a beta of 0.20. The company's fifty day moving average price is $11.80 and its 200 day moving average price is $11.71. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $6.66 and a 1-year high of $13.85.
Full Truck Alliance Company Profile
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Free Report)
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.
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