Calamos Advisors LLC Invests $840,000 in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)

Calamos Advisors LLC purchased a new stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 65,800 shares of the company's stock, valued at approximately $840,000.

Several other institutional investors and hedge funds also recently modified their holdings of YMM. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Full Truck Alliance by 6.2% in the first 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Full Truck Alliance by 1.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,262 shares of the company's stock worth $1,128,000 after acquiring an additional 1,722 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Full Truck Alliance by 20.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 20,408 shares of the company's stock worth $221,000 after acquiring an additional 3,442 shares in the last quarter. LMR Partners LLP increased its position in shares of Full Truck Alliance by 25.4% in the fourth quarter. LMR Partners LLP now owns 27,881 shares of the company's stock worth $302,000 after acquiring an additional 5,646 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Full Truck Alliance in the fourth quarter worth $64,000. Hedge funds and other institutional investors own 39.02% of the company's stock.

Full Truck Alliance Trading Down 2.8%

YMM stock traded down $0.36 during mid-day trading on Wednesday, hitting $12.35. 3,047,087 shares of the company were exchanged, compared to its average volume of 8,651,179. The company has a market capitalization of $12.91 billion, a PE ratio of 24.67 and a beta of 0.20. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $6.66 and a twelve month high of $13.85. The firm has a fifty day simple moving average of $11.98 and a 200 day simple moving average of $11.77.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of 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 report on Monday, April 14th. Citigroup lowered their price target on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Two 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.