North of South Capital LLP Purchases 465,439 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)

North of South Capital LLP lifted its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,157,928 shares of the company's stock after buying an additional 465,439 shares during the quarter. Full Truck Alliance comprises 8.8% of North of South Capital LLP's investment portfolio, making the stock its 3rd largest holding. North of South Capital LLP owned 0.58% of Full Truck Alliance worth $78,637,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in YMM. Mirae Asset Global Investments Co. Ltd. raised its holdings in Full Truck Alliance by 6.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,146 shares of the company's stock valued at $311,000 after buying an additional 1,406 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Full Truck Alliance by 1.7% in 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 acquiring an additional 1,722 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in 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 purchasing an additional 3,442 shares during the last quarter. LMR Partners LLP boosted its position in Full Truck Alliance by 25.4% during the fourth quarter. LMR Partners LLP now owns 27,881 shares of the company's stock worth $302,000 after purchasing an additional 5,646 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Full Truck Alliance during the fourth quarter valued at approximately $64,000. Institutional investors own 39.02% of the company's stock.

Full Truck Alliance Stock Performance

Shares of Full Truck Alliance stock remained flat at $12.08 during midday trading on Friday. 3,611,551 shares of the stock traded hands, compared to its average volume of 8,664,066. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $6.66 and a twelve month high of $13.85. The company's fifty day moving average price is $11.94 and its 200 day moving average price is $11.75. The company has a market cap of $12.63 billion, a PE ratio of 24.16 and a beta of 0.20.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup reduced their price objective on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Barclays boosted their target price on shares of Full Truck Alliance from $7.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. cut shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $18.00 to $10.00 in a report on Monday, April 14th. Two investment 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. According to data from MarketBeat, the stock presently 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.