Citigroup Inc. raised its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 2.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,079,396 shares of the company's stock after purchasing an additional 29,030 shares during the period. Citigroup Inc. owned 0.10% of Full Truck Alliance worth $13,784,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Full Truck Alliance by 6.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,146 shares of the company's stock valued at $311,000 after purchasing an additional 1,406 shares during the period. Harvest Fund Management Co. Ltd lifted its position in shares of Full Truck Alliance by 66.1% in the first quarter. Harvest Fund Management Co. Ltd now owns 627,958 shares of the company's stock valued at $8,019,000 after acquiring an additional 249,788 shares in the last quarter. QRG Capital Management Inc. purchased a new position in shares of Full Truck Alliance in the first quarter valued at about $315,000. Softbank Group CORP. lifted its position in shares of Full Truck Alliance by 279.9% in the fourth quarter. Softbank Group CORP. now owns 4,220,001 shares of the company's stock valued at $45,660,000 after acquiring an additional 3,109,250 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Full Truck Alliance in the fourth quarter valued at about $537,000. Institutional investors own 39.02% of the company's stock.
Full Truck Alliance Trading Down 0.0%
Shares of NYSE:YMM traded down $0.01 during mid-day trading on Monday, reaching $11.06. The stock had a trading volume of 2,805,939 shares, compared to its average volume of 8,761,178. The company has a market cap of $11.56 billion, a P/E ratio of 22.09 and a beta of 0.20. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $6.85 and a 1 year high of $13.85. The business's 50 day moving average price is $11.90 and its 200 day moving average price is $11.91.
Wall Street Analysts Forecast Growth
Separately, Citigroup lowered their price objective on 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 investment 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $15.00.
View Our Latest Stock Analysis on YMM
Full Truck Alliance Company Profile
(
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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