GF Fund Management CO. LTD. Sells 584,947 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)

GF Fund Management CO. LTD. reduced its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 38.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 947,199 shares of the company's stock after selling 584,947 shares during the period. GF Fund Management CO. LTD. owned approximately 0.09% of Full Truck Alliance worth $12,096,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Full Truck Alliance by 6.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,146 shares of the company's stock worth $311,000 after acquiring an additional 1,406 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Full Truck Alliance by 1.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,262 shares of the company's stock worth $1,128,000 after acquiring an additional 1,722 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Full Truck Alliance by 20.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 20,408 shares of the company's stock worth $221,000 after acquiring an additional 3,442 shares during the period. LMR Partners LLP boosted its position in Full Truck Alliance by 25.4% during the 4th quarter. LMR Partners LLP now owns 27,881 shares of the company's stock worth $302,000 after acquiring an additional 5,646 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $64,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Stock Performance

Shares of NYSE:YMM traded up $0.26 during trading on Monday, hitting $12.34. 5,973,252 shares of the stock were exchanged, compared to its average volume of 8,653,305. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $6.66 and a 1-year high of $13.85. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 24.68 and a beta of 0.20. The company's fifty day simple moving average is $11.95 and its 200-day simple moving average is $11.76.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on YMM shares. 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 report on Monday, March 10th. JPMorgan Chase & Co. lowered Full Truck Alliance from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $18.00 to $10.00 in a report on Monday, April 14th. Finally, Citigroup cut their price objective on Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Two equities 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.