Union Bancaire Privee UBP SA Acquires 232,190 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Union Bancaire Privee UBP SA increased its position in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 373.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 294,422 shares of the company's stock after buying an additional 232,190 shares during the period. Union Bancaire Privee UBP SA's holdings in Full Truck Alliance were worth $3,628,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of Full Truck Alliance in the fourth quarter valued at approximately $64,000. Townsquare Capital LLC bought a new stake in shares of Full Truck Alliance in the fourth quarter valued at approximately $111,000. Wolverine Trading LLC bought a new stake in shares of Full Truck Alliance in the fourth quarter valued at approximately $115,000. Vise Technologies Inc. bought a new stake in shares of Full Truck Alliance in the fourth quarter valued at approximately $130,000. Finally, Truist Financial Corp bought a new position in Full Truck Alliance in the fourth quarter worth $143,000. Institutional investors and hedge funds own 39.02% of the company's stock.

Full Truck Alliance Stock Performance

NYSE YMM traded down $0.49 during trading hours on Friday, reaching $12.01. 3,908,269 shares of the company's stock were exchanged, compared to its average volume of 8,820,005. The company's 50-day moving average is $11.48 and its two-hundred day moving average is $11.64. Full Truck Alliance Co. Ltd. has a one year low of $6.66 and a one year high of $13.85. The company has a market capitalization of $12.56 billion, a price-to-earnings ratio of 28.60 and a beta of 0.20.

Analyst Upgrades and Downgrades

Several brokerages recently commented on YMM. HSBC began coverage on Full Truck Alliance in a research report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 target price for the company. Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. Barclays raised their target price 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. Citigroup reduced their target price on Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Finally, Industrial Alliance Securities set a $18.00 target price on Full Truck Alliance in a research report on Thursday, March 6th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Full Truck Alliance has an average rating of "Moderate Buy" and an average target price 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.