Krane Funds Advisors LLC Has $334.67 Million Position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)

Krane Funds Advisors LLC boosted its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 23.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,207,165 shares of the company's stock after purchasing an additional 4,931,028 shares during the quarter. Full Truck Alliance makes up about 9.6% of Krane Funds Advisors LLC's investment portfolio, making the stock its 4th largest holding. Krane Funds Advisors LLC owned about 2.49% of Full Truck Alliance worth $334,665,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its stake 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 buying an additional 1,406 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Full Truck Alliance by 1.7% during the fourth 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 last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Full Truck Alliance by 20.3% in 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 lifted its position in Full Truck Alliance by 25.4% in the 4th quarter. LMR Partners LLP now owns 27,881 shares of the company's stock valued at $302,000 after purchasing an additional 5,646 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Full Truck Alliance during the 4th quarter valued at about $64,000. Institutional investors own 39.02% of the company's stock.

Full Truck Alliance Price Performance

NYSE:YMM remained flat at $12.08 during midday trading on Thursday. The company had a trading volume of 3,611,551 shares, compared to its average volume of 8,676,700. The company's 50 day moving average price is $11.92 and its 200-day moving average price is $11.73. The company has a market cap of $12.63 billion, a P/E ratio of 24.16 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.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on YMM. JPMorgan Chase & Co. cut Full Truck Alliance from an "overweight" rating to a "neutral" rating and cut their price target for the company from $18.00 to $10.00 in a report on Monday, April 14th. Citigroup reduced their price target on Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Industrial Alliance Securities set a $18.00 price target on Full Truck Alliance in a report on Thursday, March 6th. Finally, Barclays lifted their price objective on shares of 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. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $15.00.

Full Truck Alliance 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.