ANTIPODES PARTNERS Ltd Acquires 79,573 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)

ANTIPODES PARTNERS Ltd grew its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 168.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 126,834 shares of the company's stock after acquiring an additional 79,573 shares during the quarter. ANTIPODES PARTNERS Ltd's holdings in Full Truck Alliance were worth $1,620,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in YMM. FIL Ltd raised its stake in shares of Full Truck Alliance by 83.0% during the fourth quarter. FIL Ltd now owns 51,730,620 shares of the company's stock worth $559,725,000 after acquiring an additional 23,468,794 shares in the last quarter. Aspex Management HK Ltd purchased a new position in shares of Full Truck Alliance during the fourth quarter worth approximately $164,557,000. JPMorgan Chase & Co. increased its stake in shares of Full Truck Alliance by 37.8% in the fourth quarter. JPMorgan Chase & Co. now owns 37,875,367 shares of the company's stock worth $409,811,000 after buying an additional 10,383,716 shares during the period. Norges Bank purchased a new position in shares of Full Truck Alliance in the fourth quarter worth $101,649,000. Finally, Nuveen Asset Management LLC purchased a new position in shares of Full Truck Alliance in the fourth quarter worth $60,356,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Price Performance

Full Truck Alliance stock traded down $0.39 during mid-day trading on Friday, reaching $11.44. 26,144,900 shares of the company traded hands, compared to its average volume of 7,689,029. The firm's 50 day moving average price is $12.06 and its 200 day moving average price is $11.88. The firm has a market capitalization of $11.96 billion, a price-to-earnings ratio of 22.87 and a beta of 0.20. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52-week low of $6.66 and a 52-week high of $13.85.

Wall Street Analysts Forecast Growth

YMM has been the topic of several analyst reports. Citigroup decreased their target price 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. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $18.00 to $10.00 in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Full Truck Alliance currently has an average rating of "Moderate Buy" and a consensus price target of $15.00.

Full Truck Alliance Company 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.