Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 5.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,258,225 shares of the company's stock after selling 199,033 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.31% of Full Truck Alliance worth $41,608,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Full Truck Alliance in the fourth quarter valued at $64,000. Townsquare Capital LLC purchased a new position in Full Truck Alliance during the 4th quarter valued at about $111,000. Wolverine Trading LLC acquired a new position in Full Truck Alliance in the 4th quarter valued at about $115,000. Vise Technologies Inc. purchased a new stake in Full Truck Alliance during the fourth quarter worth about $130,000. Finally, Truist Financial Corp purchased a new stake in Full Truck Alliance during the fourth quarter worth about $143,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Trading Up 0.7%

NYSE:YMM traded up $0.08 during mid-day trading on Tuesday, hitting $11.89. The stock had a trading volume of 6,619,782 shares, compared to its average volume of 8,698,195. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $6.66 and a twelve month high of $13.85. The stock has a 50-day simple moving average of $11.88 and a two-hundred day simple moving average of $11.72. The company has a market capitalization of $12.44 billion, a PE ratio of 23.79 and a beta of 0.20.

Analysts Set New Price Targets

A number of research analysts recently weighed in on YMM shares. Industrial Alliance Securities set a $18.00 price objective on shares of Full Truck Alliance in a report on Thursday, March 6th. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $18.00 to $10.00 in a research note on Monday, April 14th. Barclays upped their price objective on 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, Citigroup decreased their target price on Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus 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.