Robeco Institutional Asset Management B.V. Lowers Stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 5.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,258,225 shares of the company's stock after selling 199,033 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.31% of Full Truck Alliance worth $41,608,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of YMM. FIL Ltd grew its position in Full Truck Alliance by 83.0% during the 4th quarter. FIL Ltd now owns 51,730,620 shares of the company's stock worth $559,725,000 after purchasing an additional 23,468,794 shares during the last quarter. Aspex Management HK Ltd purchased a new position in Full Truck Alliance during the 4th quarter worth $164,557,000. JPMorgan Chase & Co. grew its position in Full Truck Alliance by 37.8% during the 4th quarter. JPMorgan Chase & Co. now owns 37,875,367 shares of the company's stock worth $409,811,000 after purchasing an additional 10,383,716 shares during the last quarter. Norges Bank purchased a new position in Full Truck Alliance during the 4th quarter worth $101,649,000. Finally, Nuveen Asset Management LLC purchased a new position in Full Truck Alliance during the 4th quarter worth $60,356,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Stock Up 0.4%

Shares of NYSE YMM opened at $11.79 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52 week low of $6.66 and a 52 week high of $13.85. The firm has a 50-day moving average price of $11.83 and a 200 day moving average price of $11.71. The stock has a market capitalization of $12.33 billion, a price-to-earnings ratio of 23.57 and a beta of 0.20.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on YMM shares. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $18.00 to $10.00 in a research report on Monday, April 14th. Barclays lifted their target price on shares of Full Truck Alliance from $7.00 to $13.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Industrial Alliance Securities set a $18.00 target price on shares of Full Truck Alliance in a report on Thursday, March 6th. Finally, Citigroup lowered their target price on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating on the stock 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $15.00.

About Full Truck Alliance

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.

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