Union Bancaire Privee UBP SA Has $3.63 Million Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Union Bancaire Privee UBP SA lifted its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 373.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 294,422 shares of the company's stock after buying an additional 232,190 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Full Truck Alliance were worth $3,628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in YMM. SBI Securities Co. Ltd. bought a new position in Full Truck Alliance during the fourth quarter worth $64,000. Townsquare Capital LLC bought a new stake in Full Truck Alliance in the fourth quarter worth about $111,000. Wolverine Trading LLC bought a new stake in Full Truck Alliance in the fourth quarter worth about $115,000. Vise Technologies Inc. bought a new stake in Full Truck Alliance in the fourth quarter worth about $130,000. Finally, Truist Financial Corp bought a new stake in Full Truck Alliance in the fourth quarter worth about $143,000. Institutional investors and hedge funds own 39.02% of the company's stock.

Full Truck Alliance Trading Down 4.0%

NYSE:YMM traded down $0.50 on Friday, hitting $12.01. 1,673,093 shares of the company's stock traded hands, compared to its average volume of 8,881,175. Full Truck Alliance Co. Ltd. has a 1 year low of $6.66 and a 1 year high of $13.85. The firm has a 50-day moving average price of $11.45 and a 200-day moving average price of $11.61. The company has a market cap of $12.56 billion, a PE ratio of 28.58 and a beta of 0.20.

Wall Street Analysts Forecast Growth

YMM has been the topic of several research reports. HSBC started coverage on shares of Full Truck Alliance in a research report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 price target on the stock. JPMorgan Chase & Co. cut 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. Citigroup dropped their price target on Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Industrial Alliance Securities set a $18.00 price target on Full Truck Alliance in a research note on Thursday, March 6th. Finally, Barclays lifted their price target on Full Truck Alliance from $7.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Full Truck Alliance has a consensus 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.