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. decreased its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 28.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,017,455 shares of the company's stock after selling 1,176,125 shares during the period. Full Truck Alliance makes up approximately 12.7% of Brilliance Asset Management Ltd.'s holdings, 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 institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE acquired a new stake in Full Truck Alliance during the first quarter valued at approximately $40,000. Townsquare Capital LLC acquired a new position in shares of Full Truck Alliance during the 4th quarter worth $111,000. Wolverine Trading LLC acquired a new position in shares of Full Truck Alliance during the 4th quarter worth $115,000. Vise Technologies Inc. acquired a new position in shares of Full Truck Alliance during the 4th quarter worth $130,000. Finally, Jasper Ridge Partners L.P. acquired a new position in Full Truck Alliance in the 4th quarter valued at $149,000. Institutional investors own 39.02% of the company's stock.

Full Truck Alliance Stock Performance

Shares of YMM stock traded up $0.15 on Tuesday, hitting $11.41. The company's stock had a trading volume of 3,770,686 shares, compared to its average volume of 8,705,710. The stock's 50 day moving average is $11.97 and its 200-day moving average is $11.92. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $6.85 and a fifty-two week high of $13.85. The company has a market capitalization of $11.93 billion, a PE ratio of 22.81 and a beta of 0.20.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Citigroup reduced their price target on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. JPMorgan Chase & Co. cut shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and lowered their price objective for the company 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 issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.