Full Truck Alliance Co. Ltd. (NYSE:YMM) is Polunin Capital Partners Ltd's 4th Largest Position

Polunin Capital Partners Ltd lessened its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,255,746 shares of the company's stock after selling 52,576 shares during the period. Full Truck Alliance makes up approximately 7.0% of Polunin Capital Partners Ltd's holdings, making the stock its 4th largest position. Polunin Capital Partners Ltd owned about 0.31% of Full Truck Alliance worth $41,576,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Full Truck Alliance in the 4th quarter worth about $64,000. Townsquare Capital LLC purchased a new stake in shares of Full Truck Alliance in the 4th quarter worth approximately $111,000. Wolverine Trading LLC purchased a new stake in shares of Full Truck Alliance in the 4th quarter worth approximately $115,000. Vise Technologies Inc. purchased a new stake in shares of Full Truck Alliance in the 4th quarter worth approximately $130,000. Finally, Truist Financial Corp purchased a new stake in shares of Full Truck Alliance in the 4th quarter worth approximately $143,000. Hedge funds and other institutional investors own 39.02% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup cut 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. Hsbc Global Res upgraded shares of Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $18.00 to $10.00 in a research report on Monday, April 14th. Barclays increased their price objective on shares of Full Truck Alliance from $7.00 to $13.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Finally, HSBC initiated coverage on shares of Full Truck Alliance in a report on Wednesday, February 26th. They set a "buy" rating and a $18.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $15.00.

Full Truck Alliance Stock Up 2.1%

NYSE YMM traded up $0.25 on Thursday, hitting $12.25. 5,104,721 shares of the stock were exchanged, compared to its average volume of 8,889,685. The company has a market cap of $12.81 billion, a PE ratio of 29.17 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a fifty-two week low of $6.66 and a fifty-two week high of $13.85. The company has a 50-day moving average price of $11.42 and a 200-day moving average price of $11.48.

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.