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

LBP AM SA acquired a new position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 330,000 shares of the company's stock, valued at approximately $4,214,000.

A number of other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its position in shares of 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 worth $229,000 after purchasing an additional 20,186 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of 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 valued at $1,128,000 after purchasing an additional 1,722 shares during the period. ANTIPODES PARTNERS Ltd bought a new stake in shares of Full Truck Alliance during the 4th quarter valued at $511,000. Catalyst Funds Management Pty Ltd bought a new stake in shares of Full Truck Alliance during the 4th quarter valued at $1,408,000. Finally, OPTIMAS CAPITAL Ltd bought a new stake in shares of Full Truck Alliance during the 4th quarter valued at $955,000. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Stock Up 0.0%

NYSE YMM traded up $0.01 on Friday, reaching $12.53. The company had a trading volume of 2,776,994 shares, compared to its average volume of 7,975,658. The stock has a market capitalization of $13.10 billion, a PE ratio of 25.05 and a beta of 0.20. The firm's 50 day moving average price is $12.02 and its 200 day moving average price is $11.78. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $6.66 and a 12 month high of $13.85.

Analyst Ratings Changes

YMM has been the topic of several recent analyst reports. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $18.00 to $10.00 in a research report on Monday, April 14th. Citigroup decreased their price objective on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating on the stock in a research report 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 issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.