Sands Capital Management LLC Sells 159,741 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Key Points

• Sands Capital Management trimmed its stake in Full Truck Alliance by 2.3% in Q3, selling 159,741 shares and leaving 6,766,855 shares worth about $87.77 million (0.65% ownership).
• Analyst coverage is mixed with a consensus rating of "Hold" and a consensus target of $11.83, while individual price targets range roughly from $8 to $14 and some firms have recently cut ratings or targets.
• Shares of YMM trade around $9.26 with a market cap of $9.68 billion, a 12‑month range of $8.71–$14.07, and roughly 39.02% of the stock held by institutional investors.

Sands Capital Management LLC trimmed its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,766,855 shares of the company's stock after selling 159,741 shares during the period. Sands Capital Management LLC owned 0.65% of Full Truck Alliance worth $87,766,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in Full Truck Alliance by 274.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company's stock worth $46,000 after purchasing an additional 2,845 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Full Truck Alliance in the 2nd quarter worth approximately $111,000. Daiwa Securities Group Inc. bought a new position in Full Truck Alliance during the 2nd quarter valued at approximately $118,000. Oppenheimer Asset Management Inc. bought a new position in Full Truck Alliance during the 3rd quarter valued at approximately $142,000. Finally, CI Investments Inc. raised its stake in Full Truck Alliance by 10.7% during the third quarter. CI Investments Inc. now owns 10,924 shares of the company's stock valued at $142,000 after buying an additional 1,052 shares during the last quarter. Institutional investors own 39.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. iA Financial set a $8.00 target price on Full Truck Alliance in a research note on Monday, January 12th. Weiss Ratings lowered Full Truck Alliance from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, January 13th. Barclays dropped their price target on shares of Full Truck Alliance from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 19th. Jefferies Financial Group set a $13.00 price objective on shares of Full Truck Alliance in a research report on Monday, November 17th. Finally, Morgan Stanley set a $14.00 price objective on shares of Full Truck Alliance in a research note on Monday, November 17th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $11.83.

Full Truck Alliance Trading Up 1.8%

Shares of YMM opened at $9.26 on Wednesday. The company has a market cap of $9.68 billion, a price-to-earnings ratio of 17.46 and a beta of 0.23. The business's fifty day simple moving average is $9.89 and its two-hundred day simple moving average is $11.49. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $8.71 and a 12 month high of $14.07.

About Full Truck Alliance

Full Truck Alliance NYSE: YMM operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.

Want to see what other hedge funds are holding YMM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.