WFM ASIA BVI Ltd Trims Stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)

Key Points

• WFM ASIA BVI Ltd reduced its stake in Full Truck Alliance Co. Ltd. by selling 1,466,000 shares, resulting in a total of 18,809,184 shares, representing 26.8% of its holdings.
• Full Truck Alliance shares were recently valued at $240,193,000, with a market cap of $11.89 billion and a PE ratio of 22.74.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Full Truck Alliance, with an average target price set at $15.00.

WFM ASIA BVI Ltd decreased its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,809,184 shares of the company's stock after selling 1,466,000 shares during the quarter. Full Truck Alliance accounts for approximately 26.8% of WFM ASIA BVI Ltd's investment portfolio, making the stock its 2nd largest position. WFM ASIA BVI Ltd owned 1.80% of Full Truck Alliance worth $240,193,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of YMM. Atlas Capital Advisors Inc. acquired a new position in shares of Full Truck Alliance in the first quarter valued at approximately $29,000. US Bancorp DE acquired a new position in shares of Full Truck Alliance in the first quarter valued at approximately $40,000. Townsquare Capital LLC acquired a new position in shares of Full Truck Alliance in the fourth quarter valued at approximately $111,000. Wolverine Trading LLC acquired a new position in shares of Full Truck Alliance in the fourth quarter valued at approximately $115,000. Finally, Vise Technologies Inc. acquired a new position in shares of Full Truck Alliance in the fourth quarter valued at approximately $130,000. Institutional investors and hedge funds own 39.02% of the company's stock.

Wall Street Analyst Weigh In

Separately, Citigroup lowered their price objective 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. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.00.

Full Truck Alliance Trading Down 4.6%

YMM stock traded down $0.52 during trading on Thursday, hitting $10.78. The company had a trading volume of 11,825,315 shares, compared to its average volume of 13,337,434. The business has a 50-day moving average of $11.92 and a 200-day moving average of $11.91. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $6.85 and a one year high of $13.85. The stock has a market cap of $11.27 billion, a PE ratio of 21.56 and a beta of 0.20.

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.