Triata Capital Ltd Raises Stock Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Key Points

• Triata Capital Ltd dramatically increased its holdings in Full Truck Alliance, raising its position by 469.2% in the first quarter and owning over 400,000 shares worth approximately $5.1 million.
• Full Truck Alliance's stock price has increased by 2.5%, and its current price target from analysts averages $15.00 with a "Moderate Buy" rating.
• Institutional investors collectively own about 39.02% of Full Truck Alliance’s stock, indicating significant institutional interest in the company.

Triata Capital Ltd raised its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 469.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 400,019 shares of the company's stock after purchasing an additional 329,736 shares during the quarter. Full Truck Alliance accounts for approximately 1.2% of Triata Capital Ltd's holdings, making the stock its 11th biggest holding. Triata Capital Ltd's holdings in Full Truck Alliance were worth $5,108,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Full Truck Alliance by 6.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,146 shares of the company's stock worth $311,000 after purchasing an additional 1,406 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Full Truck Alliance by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 85,106 shares of the company's stock worth $1,087,000 after purchasing an additional 1,577 shares during the last quarter. Brooklyn Investment Group increased its stake in Full Truck Alliance by 495.4% in the 1st quarter. Brooklyn Investment Group now owns 2,459 shares of the company's stock worth $31,000 after buying an additional 2,046 shares during the period. Atlas Capital Advisors Inc. bought a new stake in Full Truck Alliance during the 1st quarter valued at about $29,000. Finally, US Bancorp DE purchased a new stake in Full Truck Alliance in the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 39.02% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered their price objective on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Full Truck Alliance has an average rating of "Moderate Buy" and an average target price of $15.00.

Full Truck Alliance Trading Up 10.4%

Shares of YMM traded up $1.1450 during mid-day trading on Thursday, hitting $12.1550. The company's stock had a trading volume of 31,590,604 shares, compared to its average volume of 8,941,088. The company's 50-day moving average is $11.82 and its 200-day moving average is $11.90. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52-week low of $6.85 and a 52-week high of $13.85. The firm has a market capitalization of $12.71 billion, a price-to-earnings ratio of 24.31 and a beta of 0.20.

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.