SG Americas Securities LLC Raises Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

SG Americas Securities LLC raised its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 244.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,463,812 shares of the company's stock after purchasing an additional 1,748,386 shares during the quarter. SG Americas Securities LLC owned 0.23% of Full Truck Alliance worth $31,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. IMC Chicago LLC bought a new position in Full Truck Alliance during the fourth quarter valued at about $263,000. Barclays PLC purchased a new position in Full Truck Alliance in the third quarter valued at about $3,566,000. Truist Financial Corp bought a new position in shares of Full Truck Alliance during the 4th quarter valued at approximately $143,000. Savant Capital LLC purchased a new stake in shares of Full Truck Alliance during the 4th quarter worth approximately $194,000. Finally, Aigen Investment Management LP increased its stake in shares of Full Truck Alliance by 127.6% during the 4th quarter. Aigen Investment Management LP now owns 38,131 shares of the company's stock worth $413,000 after purchasing an additional 21,378 shares during the last quarter. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Price Performance

Shares of Full Truck Alliance stock traded down $0.49 during trading hours on Friday, reaching $12.01. The company had a trading volume of 3,908,269 shares, compared to its average volume of 8,835,403. The firm has a market cap of $12.56 billion, a PE ratio of 28.60 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a one year low of $6.66 and a one year high of $13.85. The business has a fifty day simple moving average of $11.48 and a 200 day simple moving average of $11.62.

Analysts Set New Price Targets

Several brokerages have weighed in on YMM. Industrial Alliance Securities set a $18.00 price objective on Full Truck Alliance in a report on Thursday, March 6th. Citigroup cut their price target on Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. cut Full Truck Alliance from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $18.00 to $10.00 in a research note on Monday, April 14th. Finally, HSBC assumed coverage on shares of Full Truck Alliance in a research report on Wednesday, February 26th. They set a "buy" rating and a $18.00 target price for the company. Two investment 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 stock. Based on data from MarketBeat, Full Truck Alliance presently has a consensus 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.