Brilliance Asset Management Ltd. Sells 1,176,125 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)

Key Points

• Brilliance Asset Management Ltd. has reduced its stake in Full Truck Alliance by 28.0%, now owning approximately 3 million shares, which accounts for 12.7% of its portfolio.
• Full Truck Alliance shares have fluctuated between a 52-week low of $6.85 and a high of $13.85, currently trading at $11.63.
• Analysts have issued mixed ratings on Full Truck Alliance, with a consensus rating of "Moderate Buy" and a target price of $15.00.

Brilliance Asset Management Ltd. trimmed its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 28.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,017,455 shares of the company's stock after selling 1,176,125 shares during the quarter. Full Truck Alliance accounts for approximately 12.7% of Brilliance Asset Management Ltd.'s investment portfolio, making the stock its 4th biggest position. Brilliance Asset Management Ltd. owned 0.29% of Full Truck Alliance worth $38,533,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kontiki Capital Management HK Ltd. purchased a new position in shares of Full Truck Alliance in the 1st quarter valued at about $81,320,000. Pinpoint Asset Management Ltd boosted its stake in shares of Full Truck Alliance by 23.0% in the 1st quarter. Pinpoint Asset Management Ltd now owns 7,735,913 shares of the company's stock valued at $98,788,000 after buying an additional 1,448,760 shares during the period. Altfest L J & Co. Inc. purchased a new position in shares of Full Truck Alliance in the 1st quarter valued at about $369,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Full Truck Alliance by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 907,487 shares of the company's stock valued at $11,589,000 after buying an additional 15,896 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Full Truck Alliance by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 29,373,877 shares of the company's stock valued at $375,104,000 after buying an additional 430,834 shares during the period. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on YMM shares. Citigroup decreased their price objective on 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. JPMorgan Chase & Co. cut Full Truck Alliance from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $18.00 to $10.00 in a research note on Monday, April 14th. Two research 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 company's stock. According to data from MarketBeat.com, Full Truck Alliance presently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

Full Truck Alliance Trading Down 2.5%

YMM stock traded down $0.29 during trading on Friday, hitting $11.34. 13,832,621 shares of the company's stock were exchanged, compared to its average volume of 13,231,091. The business has a 50-day moving average price of $11.98 and a two-hundred day moving average price of $11.92. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 22.68 and a beta of 0.20. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52-week low of $6.85 and a 52-week high of $13.85.

Full Truck Alliance Company 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.