52,661 Shares in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Bought by XTX Topco Ltd

XTX Topco Ltd bought a new position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 52,661 shares of the company's stock, valued at approximately $672,000.

Other large investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its position in shares of Full Truck Alliance by 20.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 20,408 shares of the company's stock valued at $221,000 after acquiring an additional 3,442 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Full Truck Alliance by 8.7% during the 4th quarter. Franklin Resources Inc. now owns 302,288 shares of the company's stock valued at $3,271,000 after acquiring an additional 24,322 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Full Truck Alliance by 16.2% during the 4th quarter. Geode Capital Management LLC now owns 137,631 shares of the company's stock valued at $1,489,000 after acquiring an additional 19,227 shares during the last quarter. Arete Wealth Advisors LLC bought a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $300,000. Finally, Prudential PLC bought a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $263,000. Institutional investors own 39.02% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Citigroup dropped 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. JPMorgan Chase & Co. downgraded Full Truck Alliance from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $18.00 to $10.00 in a research report on Monday, April 14th. Two investment 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $15.00.

Full Truck Alliance Stock Performance

Shares of Full Truck Alliance stock traded up $0.27 during midday trading on Thursday, reaching $11.63. 11,346,837 shares of the company's stock traded hands, compared to its average volume of 8,716,187. The company has a market cap of $12.16 billion, a PE ratio of 23.25 and a beta of 0.20. The stock has a 50 day moving average of $12.00 and a 200-day moving average of $11.91. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $6.85 and a 12 month high of $13.85.

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.