Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Holdings Boosted by Matthews International Capital Management LLC

Matthews International Capital Management LLC raised its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 8.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,573,575 shares of the company's stock after purchasing an additional 284,533 shares during the period. Full Truck Alliance accounts for 9.4% of Matthews International Capital Management LLC's portfolio, making the stock its 3rd largest position. Matthews International Capital Management LLC owned about 0.34% of Full Truck Alliance worth $45,635,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Truist Financial Corp purchased a new stake in Full Truck Alliance during the 4th quarter worth $143,000. Savant Capital LLC acquired a new position in shares of Full Truck Alliance during the fourth quarter worth about $194,000. Aigen Investment Management LP lifted its stake in shares of Full Truck Alliance by 127.6% during the fourth quarter. Aigen Investment Management LP now owns 38,131 shares of the company's stock worth $413,000 after purchasing an additional 21,378 shares in the last quarter. AI Squared Management Ltd acquired a new position in Full Truck Alliance during the 4th quarter worth approximately $3,159,000. Finally, Brilliance Asset Management Ltd. lifted its position in shares of Full Truck Alliance by 29.5% during the fourth quarter. Brilliance Asset Management Ltd. now owns 4,193,580 shares of the company's stock worth $45,375,000 after purchasing an additional 954,124 shares in the last quarter. Hedge funds and other institutional investors own 39.02% of the company's stock.

Full Truck Alliance Stock Performance

Shares of Full Truck Alliance stock traded down $0.23 during trading on Thursday, hitting $11.72. 2,261,724 shares of the stock were exchanged, compared to its average volume of 8,777,012. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $6.66 and a 12 month high of $13.85. The stock's fifty day moving average is $11.57 and its 200 day moving average is $11.66. The stock has a market cap of $12.25 billion, a PE ratio of 23.43 and a beta of 0.20.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on YMM shares. HSBC started coverage on shares of Full Truck Alliance in a research note on Wednesday, February 26th. They set a "buy" rating and a $18.00 price target on the stock. Industrial Alliance Securities set a $18.00 price target on Full Truck Alliance in a research note on Thursday, March 6th. Barclays raised their price objective on 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. Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $18.00 to $10.00 in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.