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

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

Several other hedge funds have also recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in shares of Full Truck Alliance during the 4th quarter worth $64,000. Townsquare Capital LLC acquired a new position in Full Truck Alliance during the 4th quarter worth $111,000. Wolverine Trading LLC bought a new stake in Full Truck Alliance during the fourth quarter valued at about $115,000. Vise Technologies Inc. acquired a new stake in shares of Full Truck Alliance in the fourth quarter valued at about $130,000. Finally, Truist Financial Corp bought a new position in shares of Full Truck Alliance in the fourth quarter worth about $143,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Trading Down 2.9%

YMM stock traded down $0.36 during midday trading on Thursday, hitting $11.71. The stock had a trading volume of 7,561,943 shares, compared to its average volume of 8,765,378. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52 week low of $6.66 and a 52 week high of $13.85. The stock has a 50-day simple moving average of $11.76 and a 200 day simple moving average of $11.71. The firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of 23.43 and a beta of 0.20.

Analyst Upgrades and Downgrades

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