Liontrust Investment Partners LLP Sells 101,024 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Key Points

• Liontrust Investment Partners LLP reduced its stake in Full Truck Alliance Co. Ltd. by 9.7%, holding approximately 0.09% of the company worth about $12 million as of the latest SEC filing.
• Full Truck Alliance stock is currently priced at $10.78 but has recently experienced a 4.6% decline, with a market cap of $11.27 billion.
• Analysts project future growth for Full Truck Alliance, with Citigroup lowering its price target from $16.50 to $16.00, while maintaining a "buy" rating.

Liontrust Investment Partners LLP decreased its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 9.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 939,437 shares of the company's stock after selling 101,024 shares during the period. Liontrust Investment Partners LLP owned about 0.09% of Full Truck Alliance worth $11,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Atlas Capital Advisors Inc. purchased a new position in Full Truck Alliance during the first quarter valued at $29,000. US Bancorp DE bought a new position in shares of Full Truck Alliance in the first quarter worth about $40,000. Townsquare Capital LLC purchased a new position in shares of Full Truck Alliance during the 4th quarter valued at about $111,000. Wolverine Trading LLC bought a new position in shares of Full Truck Alliance during the 4th quarter valued at approximately $115,000. Finally, Vise Technologies Inc. bought a new position in shares of Full Truck Alliance during the 4th quarter valued at approximately $130,000. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Trading Up 0.7%

Shares of NYSE:YMM traded up $0.0750 during mid-day trading on Wednesday, reaching $11.0050. The stock had a trading volume of 10,066,178 shares, compared to its average volume of 13,811,227. The business's 50 day moving average price is $11.82 and its 200 day moving average price is $11.90. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $6.85 and a 1 year high of $13.85. The company has a market cap of $11.51 billion, a P/E ratio of 22.01 and a beta of 0.20.

Wall Street Analyst Weigh In

Separately, Citigroup decreased their target price on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.