Lbp Am Sa Makes New $4.21 Million Investment in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)

LBP AM SA 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 disclosure with the Securities & Exchange Commission. The firm bought 330,000 shares of the company's stock, valued at approximately $4,214,000.

A number of other hedge funds also recently added to or reduced their stakes in YMM. EverSource Wealth Advisors LLC increased its holdings in Full Truck Alliance by 2,104.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 21,145 shares of the company's stock valued at $229,000 after buying an additional 20,186 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Full Truck Alliance by 1.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,262 shares of the company's stock valued at $1,128,000 after buying an additional 1,722 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in Full Truck Alliance in the fourth quarter valued at about $511,000. Catalyst Funds Management Pty Ltd purchased a new position in Full Truck Alliance in the fourth quarter valued at about $1,408,000. Finally, OPTIMAS CAPITAL Ltd purchased a new position in Full Truck Alliance in the fourth quarter valued at about $955,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on YMM shares. Citigroup dropped their target price on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $18.00 to $10.00 in a research report on Monday, April 14th. Two 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

Full Truck Alliance Trading Up 1.0%

Shares of YMM stock traded up $0.12 during trading hours on Friday, hitting $12.64. The company's stock had a trading volume of 4,602,617 shares, compared to its average volume of 8,659,486. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $6.66 and a twelve month high of $13.85. The business has a fifty day moving average of $12.04 and a 200-day moving average of $11.80. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 25.28 and a beta of 0.20.

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.