Capital International Sarl acquired a new position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 264,518 shares of the company's stock, valued at approximately $3,431,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Schroder Investment Management Group boosted its position in Full Truck Alliance by 2,789.6% in the third quarter. Schroder Investment Management Group now owns 33,333,051 shares of the company's stock valued at $432,330,000 after buying an additional 32,179,501 shares in the last quarter. Invesco Ltd. boosted its position in shares of Full Truck Alliance by 5.3% in the 2nd quarter. Invesco Ltd. now owns 32,594,356 shares of the company's stock worth $384,939,000 after purchasing an additional 1,628,785 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Full Truck Alliance by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 32,543,487 shares of the company's stock valued at $422,089,000 after acquiring an additional 353,840 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. boosted its position in shares of Full Truck Alliance by 10.8% during the second quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 28,794,527 shares of the company's stock worth $340,063,000 after purchasing an additional 2,799,386 shares in the last quarter. Finally, Krane Funds Advisors LLC lifted its holdings in shares of Full Truck Alliance by 26.4% during the 3rd quarter. Krane Funds Advisors LLC now owns 28,165,473 shares of the company's stock valued at $352,068,000 after purchasing an additional 5,880,548 shares in the last quarter. 39.02% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on YMM shares. iA Financial set a $8.00 target price on Full Truck Alliance in a research report on Monday, January 12th. Jefferies Financial Group set a $13.00 price objective on shares of Full Truck Alliance in a research report on Monday, November 17th. Morgan Stanley set a $14.00 price target on shares of Full Truck Alliance in a research note on Monday, November 17th. Weiss Ratings downgraded Full Truck Alliance from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, January 13th. Finally, Barclays reduced their price target on shares of Full Truck Alliance from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $11.83.
Check Out Our Latest Research Report on Full Truck Alliance
Full Truck Alliance Stock Up 1.8%
YMM stock opened at $9.26 on Wednesday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $8.71 and a 12-month high of $14.07. The company's fifty day simple moving average is $9.89 and its 200 day simple moving average is $11.49. The firm has a market cap of $9.68 billion, a price-to-earnings ratio of 17.46 and a beta of 0.23.
Full Truck Alliance Company Profile
(
Free Report)
Full Truck Alliance NYSE: YMM operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.
The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.
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