Diversified Trust Co Purchases Shares of 46,100 Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)

Diversified Trust Co acquired a new stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 46,100 shares of the company's stock, valued at approximately $589,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in YMM. FIL Ltd boosted its stake in 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 buying an additional 23,468,794 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Full Truck Alliance by 37.8% in the 4th quarter. JPMorgan Chase & Co. now owns 37,875,367 shares of the company's stock valued at $409,811,000 after buying an additional 10,383,716 shares during the period. Vanguard Group Inc. increased its holdings in shares of Full Truck Alliance by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 28,943,043 shares of the company's stock worth $313,164,000 after buying an additional 295,301 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. lifted its holdings in Full Truck Alliance by 7.4% in the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 26,019,803 shares of the company's stock valued at $281,534,000 after acquiring an additional 1,802,420 shares during the last quarter. Finally, Aspex Management HK Ltd purchased a new position in Full Truck Alliance in the fourth quarter worth approximately $164,557,000. Institutional investors and hedge funds own 39.02% of the company's stock.

Full Truck Alliance Price Performance

Shares of YMM stock traded up $0.08 during trading on Tuesday, reaching $11.89. The company's stock had a trading volume of 6,619,782 shares, compared to its average volume of 8,074,302. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $6.66 and a 1-year high of $13.85. The stock's 50-day moving average price is $11.86 and its 200 day moving average price is $11.72. The company has a market capitalization of $12.44 billion, a price-to-earnings ratio of 23.79 and a beta of 0.20.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Industrial Alliance Securities set a $18.00 target price on Full Truck Alliance in a research report on Thursday, March 6th. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $18.00 to $10.00 in a report on Monday, April 14th. Barclays increased their target price on shares of Full Truck Alliance from $7.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Finally, Citigroup reduced their price target 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. Two 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $15.00.

Full Truck Alliance 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.