NS Partners Ltd Has $18.05 Million Position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)

Key Points

• NS Partners Ltd increased its stake in Full Truck Alliance Co. Ltd. by 754.7%, acquiring an additional 1,248,200 shares to reach a total of 1,413,600 shares valued at $18,052,000.
• Several other institutional investors have also recently purchased shares, with 39.02% of the stock now owned by hedge funds and other institutional firms.
• An analysis by JPMorgan Chase & Co. downgraded Full Truck Alliance's rating from "overweight" to "neutral," lowering the price target from $18.00 to $10.00.

NS Partners Ltd boosted its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 754.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,413,600 shares of the company's stock after buying an additional 1,248,200 shares during the period. NS Partners Ltd owned about 0.14% of Full Truck Alliance worth $18,052,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of YMM. US Bancorp DE acquired a new stake in Full Truck Alliance during the first quarter worth $40,000. Townsquare Capital LLC acquired a new stake in Full Truck Alliance in the 4th quarter valued at $111,000. Wolverine Trading LLC acquired a new stake in Full Truck Alliance in the 4th quarter valued at $115,000. Vise Technologies Inc. acquired a new stake in Full Truck Alliance in the 4th quarter valued at $130,000. Finally, Jasper Ridge Partners L.P. acquired a new stake in Full Truck Alliance in the 4th quarter valued at $149,000. Institutional investors and hedge funds own 39.02% of the company's stock.

Full Truck Alliance Stock Performance

Full Truck Alliance stock traded down $0.29 on Friday, reaching $11.34. The company's stock had a trading volume of 13,832,621 shares, compared to its average volume of 13,231,091. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 22.68 and a beta of 0.20. The business's fifty day moving average price is $11.98 and its 200 day moving average price is $11.92. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $6.85 and a twelve month high of $13.85.

Wall Street Analysts Forecast Growth

YMM has been the topic of several recent analyst reports. Citigroup decreased their price target on 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 decreased their price target for the company from $18.00 to $10.00 in a research note on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Full Truck Alliance currently has an average rating of "Moderate Buy" and a consensus target price 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.