Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Shares Purchased by North of South Capital LLP

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

A number of other large investors have also recently added to or reduced their stakes in YMM. FIL Ltd boosted its stake in shares of Full Truck Alliance by 83.0% during the fourth quarter. FIL Ltd now owns 51,730,620 shares of the company's stock valued at $559,725,000 after acquiring an additional 23,468,794 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Full Truck Alliance by 37.8% in the 4th quarter. JPMorgan Chase & Co. now owns 37,875,367 shares of the company's stock valued at $409,811,000 after purchasing an additional 10,383,716 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Full Truck Alliance by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 28,943,043 shares of the company's stock worth $313,164,000 after purchasing an additional 295,301 shares during the last quarter. Krane Funds Advisors LLC grew its holdings in shares of Full Truck Alliance by 23.2% during the first quarter. Krane Funds Advisors LLC now owns 26,207,165 shares of the company's stock worth $334,665,000 after buying an additional 4,931,028 shares in the last quarter. Finally, Greenwoods Asset Management Hong Kong Ltd. grew its holdings in shares of Full Truck Alliance by 7.4% during the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 26,019,803 shares of the company's stock worth $281,534,000 after buying an additional 1,802,420 shares in the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Price Performance

YMM stock remained flat at $12.08 on Thursday. 3,611,551 shares of the company traded hands, compared to its average volume of 8,676,700. The firm has a market cap of $12.63 billion, a PE 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. The company has a fifty day simple moving average of $11.92 and a two-hundred day simple moving average of $11.73.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports 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 on the stock in a research note on Thursday, May 22nd. JPMorgan Chase & Co. lowered Full Truck Alliance from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $18.00 to $10.00 in a research note on Monday, April 14th. Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a research report on Thursday, March 6th. Finally, Barclays upped their target price on 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 equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Full Truck Alliance has a consensus rating of "Moderate Buy" and an average target price 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.