Diversified Trust Co Invests $589,000 in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)

Diversified Trust Co purchased a new stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 46,100 shares of the company's stock, valued at approximately $589,000.

A number of other hedge funds also recently modified their holdings of the company. Truist Financial Corp bought a new position in shares of Full Truck Alliance in the fourth quarter valued at approximately $143,000. SBI Securities Co. Ltd. bought a new position in Full Truck Alliance in the 4th quarter valued at $64,000. Aigen Investment Management LP raised its position in Full Truck Alliance by 127.6% in the 4th quarter. Aigen Investment Management LP now owns 38,131 shares of the company's stock valued at $413,000 after purchasing an additional 21,378 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. boosted its stake 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 worth $281,534,000 after purchasing an additional 1,802,420 shares in the last quarter. Finally, NS Partners Ltd bought a new stake in shares of Full Truck Alliance during the fourth quarter worth $1,790,000. Institutional investors own 39.02% of the company's stock.

Full Truck Alliance Stock Performance

Shares of NYSE:YMM remained flat at $12.08 during trading on Friday. 3,611,551 shares of the stock traded hands, compared to its average volume of 8,676,700. The company has a market capitalization of $12.63 billion, a price-to-earnings ratio of 24.16 and a beta of 0.20. The company's fifty day moving average is $11.92 and its 200-day moving average is $11.73. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $6.66 and a 12 month high of $13.85.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Industrial Alliance Securities set a $18.00 price target on Full Truck Alliance in a report on Thursday, March 6th. Citigroup dropped their target price on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Barclays increased their price target on shares of Full Truck Alliance from $7.00 to $13.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. cut shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $18.00 to $10.00 in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $15.00.

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.