GAM Holding AG Cuts Stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)

GAM Holding AG lessened its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 11.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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.

A number of other large investors have also recently made changes to their positions in the company. FIL Ltd lifted its holdings in Full Truck Alliance by 83.0% during the 4th 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. Aspex Management HK Ltd bought a new stake in shares of Full Truck Alliance during the fourth quarter valued at approximately $164,557,000. JPMorgan Chase & Co. boosted 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 valued at $409,811,000 after purchasing an additional 10,383,716 shares during the period. Norges Bank bought a new position in Full Truck Alliance in the fourth quarter worth approximately $101,649,000. Finally, Nuveen Asset Management LLC purchased a new position in Full Truck Alliance during the 4th quarter worth $60,356,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Price Performance

Shares of NYSE YMM traded up $0.71 during midday trading on Tuesday, hitting $12.57. The company's stock had a trading volume of 9,189,459 shares, compared to its average volume of 8,771,629. The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of 25.14 and a beta of 0.20. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $6.66 and a 1 year high of $13.85. The business's fifty day simple moving average is $11.68 and its two-hundred day simple moving average is $11.71.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $18.00 to $10.00 in a research report on Monday, April 14th. Industrial Alliance Securities set a $18.00 price target on shares of Full Truck Alliance in a research report on Thursday, March 6th. Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. Barclays raised their price target on shares of Full Truck Alliance from $7.00 to $13.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. Finally, HSBC started coverage on Full Truck Alliance in a research note on Wednesday, February 26th. They issued a "buy" rating and a $18.00 target price for the company. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

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.