GAM Holding AG decreased its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 11.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 405,876 shares of the company's stock after selling 50,910 shares during the quarter. GAM Holding AG's holdings in Full Truck Alliance were worth $5,183,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. FIL Ltd boosted its stake in Full Truck Alliance by 83.0% in the fourth quarter. FIL Ltd now owns 51,730,620 shares of the company's stock valued at $559,725,000 after buying an additional 23,468,794 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Full Truck Alliance by 37.8% in the fourth quarter. JPMorgan Chase & Co. now owns 37,875,367 shares of the company's stock worth $409,811,000 after acquiring an additional 10,383,716 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Full Truck Alliance by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 28,943,043 shares of the company's stock valued at $313,164,000 after purchasing an additional 295,301 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. grew its holdings in shares of Full Truck Alliance by 7.4% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 26,019,803 shares of the company's stock valued at $281,534,000 after purchasing an additional 1,802,420 shares during the last quarter. Finally, Aspex Management HK Ltd bought a new stake in shares of Full Truck Alliance during the 4th quarter valued at approximately $164,557,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
YMM has been the topic of several recent research reports. Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. Barclays lifted their price target 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. Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a research note on Thursday, March 6th. HSBC started coverage on shares of Full Truck Alliance in a research report on Wednesday, February 26th. They set a "buy" rating and a $18.00 target price on the stock. Finally, JPMorgan Chase & Co. cut shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $18.00 to $10.00 in a research report on Monday, April 14th. 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.00.
Get Our Latest Report on YMM
Full Truck Alliance Trading Down 0.6%
Shares of YMM stock traded down $0.08 on Friday, hitting $11.65. 6,071,690 shares of the stock were exchanged, compared to its average volume of 8,790,543. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $6.66 and a one year high of $13.85. The firm's 50 day moving average is $11.64 and its two-hundred day moving average is $11.69. The firm has a market capitalization of $12.18 billion, a PE ratio of 23.29 and a beta of 0.20.
Full Truck Alliance Profile
(
Free Report)
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.
Recommended Stories
Before you consider Full Truck Alliance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Full Truck Alliance wasn't on the list.
While Full Truck Alliance currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
