Calamos Advisors LLC Purchases Shares of 65,800 Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)

Calamos Advisors LLC purchased a new position in shares of 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 and Exchange Commission (SEC). The fund purchased 65,800 shares of the company's stock, valued at approximately $840,000.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Full Truck Alliance during the fourth quarter worth approximately $64,000. Townsquare Capital LLC bought a new stake in Full Truck Alliance in the fourth quarter valued at approximately $111,000. Wolverine Trading LLC bought a new stake in Full Truck Alliance in the fourth quarter valued at approximately $115,000. Vise Technologies Inc. bought a new stake in Full Truck Alliance in the fourth quarter valued at approximately $130,000. Finally, Jasper Ridge Partners L.P. bought a new stake in Full Truck Alliance in the fourth quarter valued at approximately $149,000. 39.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

YMM has been the subject of several recent analyst reports. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $18.00 to $10.00 in a research note 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 for the company 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $15.00.

Full Truck Alliance Stock Performance

Full Truck Alliance stock traded up $0.15 during mid-day trading on Thursday, reaching $12.51. The company's stock had a trading volume of 5,744,058 shares, compared to its average volume of 8,640,753. The company has a market capitalization of $13.08 billion, a price-to-earnings ratio of 25.02 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. The business's 50 day simple moving average is $12.00 and its 200 day simple moving average is $11.77.

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.