Harbour Capital Advisors LLC Buys Shares of 23,900 Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)

Harbour Capital Advisors LLC bought a new position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 23,900 shares of the company's stock, valued at approximately $299,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Full Truck Alliance in the 4th quarter worth approximately $64,000. Townsquare Capital LLC purchased a new position in shares of Full Truck Alliance in the 4th quarter worth approximately $111,000. Wolverine Trading LLC purchased a new position in shares of Full Truck Alliance in the 4th quarter worth approximately $115,000. Vise Technologies Inc. purchased a new position in shares of Full Truck Alliance in the 4th quarter worth approximately $130,000. Finally, Truist Financial Corp purchased a new position in Full Truck Alliance during the 4th quarter valued at $143,000. Hedge funds and other institutional investors own 39.02% of the company's stock.

Full Truck Alliance Stock Performance

NYSE YMM traded up $0.05 on Friday, reaching $11.79. 3,113,466 shares of the stock traded hands, compared to its average volume of 8,731,058. The company has a fifty day moving average price of $11.83 and a 200-day moving average price of $11.71. The company has a market cap of $12.33 billion, a price-to-earnings ratio of 23.57 and a beta of 0.20. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $6.66 and a 12 month high of $13.85.

Analyst Upgrades and Downgrades

YMM has been the subject of a number of recent analyst reports. Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a report on Thursday, March 6th. JPMorgan Chase & Co. cut Full Truck Alliance from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $18.00 to $10.00 in a report on Monday, April 14th. Citigroup dropped their price objective on Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Finally, Barclays boosted their price objective 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. Two research analysts have rated the stock with a hold rating, two have assigned 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 a consensus target price of $15.00.

About Full Truck Alliance

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.