NS Partners Ltd Boosts Stock 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 lifted its stake 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 disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,413,600 shares of the company's stock after acquiring an additional 1,248,200 shares during the quarter. NS Partners Ltd owned about 0.14% of Full Truck Alliance worth $18,052,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Aspex Management HK Ltd acquired a new stake in Full Truck Alliance during the 4th quarter valued at $164,557,000. Kontiki Capital Management HK Ltd. bought a new position in Full Truck Alliance during the first quarter valued at about $81,320,000. Nuveen Asset Management LLC bought a new position in shares of Full Truck Alliance in the 4th quarter valued at approximately $60,356,000. Krane Funds Advisors LLC raised its stake in shares of Full Truck Alliance by 23.2% in the 1st quarter. Krane Funds Advisors LLC now owns 26,207,165 shares of the company's stock valued at $334,665,000 after acquiring an additional 4,931,028 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Full Truck Alliance by 632.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 5,159,857 shares of the company's stock valued at $65,891,000 after acquiring an additional 4,454,913 shares in the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Stock Up 1.5%

YMM traded up $0.17 during trading on Tuesday, hitting $11.43. 3,906,484 shares of the company's stock were exchanged, compared to its average volume of 8,706,252. The stock has a market cap of $11.95 billion, a P/E ratio of 22.85 and a beta of 0.20. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $6.85 and a fifty-two week high of $13.85. The business's 50 day moving average is $11.97 and its two-hundred day moving average is $11.92.

Analyst Ratings Changes

YMM has been the topic of several research analyst reports. 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 research note on Monday, April 14th. Citigroup cut 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 analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Full Truck Alliance currently has a consensus 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.