Calamos Advisors LLC acquired a new position in 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 acquired 65,800 shares of the company's stock, valued at approximately $840,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in Full Truck Alliance in the fourth quarter valued at $64,000. Townsquare Capital LLC bought a new position in Full Truck Alliance in the fourth quarter valued at $111,000. Wolverine Trading LLC bought a new position in Full Truck Alliance in the fourth quarter valued at $115,000. Vise Technologies Inc. bought a new position in Full Truck Alliance in the fourth quarter valued at $130,000. Finally, Jasper Ridge Partners L.P. bought a new position in Full Truck Alliance in the fourth quarter valued at $149,000. Hedge funds and other institutional investors own 39.02% of the company's stock.
Full Truck Alliance Stock Performance
Shares of NYSE YMM traded down $0.35 during trading hours on Wednesday, hitting $12.35. The company's stock had a trading volume of 5,919,104 shares, compared to its average volume of 8,652,338. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 24.70 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 has a 50-day simple moving average of $12.00 and a 200-day simple moving average of $11.77.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on YMM shares. JPMorgan Chase & Co. cut Full Truck Alliance from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $18.00 to $10.00 in a research note on Monday, April 14th. Citigroup reduced their price objective on 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. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Full Truck Alliance currently has an average rating of "Moderate Buy" and a consensus price target of $15.00.
Read Our Latest Analysis on YMM
About Full Truck Alliance
(
Free Report)
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.
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