Alps Advisors Inc. Makes New $1.76 Million Investment in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)

Alps Advisors Inc. bought a new position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 138,100 shares of the company's stock, valued at approximately $1,764,000.

A number of other large investors also recently made changes to their positions in YMM. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Full Truck Alliance by 6.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,146 shares of the company's stock worth $311,000 after acquiring an additional 1,406 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of Full Truck Alliance during the first quarter worth $315,000. Vanguard Group Inc. grew its holdings in Full Truck Alliance by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 28,943,043 shares of the company's stock worth $313,164,000 after purchasing an additional 295,301 shares during the period. AI Squared Management Ltd acquired a new stake in Full Truck Alliance in the fourth quarter worth $3,159,000. Finally, Brilliance Asset Management Ltd. grew its holdings in shares of Full Truck Alliance by 29.5% during the fourth quarter. Brilliance Asset Management Ltd. now owns 4,193,580 shares of the company's stock valued at $45,375,000 after buying an additional 954,124 shares during the last quarter. Institutional investors own 39.02% of the company's stock.

Full Truck Alliance Stock Up 1.0%

NYSE:YMM traded up $0.12 during mid-day trading on Friday, hitting $12.64. 4,602,617 shares of the stock traded hands, compared to its average volume of 8,659,486. The business's 50-day moving average price is $12.04 and its 200 day moving average price is $11.79. The company has a market cap of $13.22 billion, a PE ratio of 25.28 and a beta of 0.20. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $6.66 and a 12-month high of $13.85.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on YMM. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $18.00 to $10.00 in a research report on Monday, April 14th. Citigroup lowered their price objective on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

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.