Blue Creek Capital Management Ltd Has $18.35 Million Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Blue Creek Capital Management Ltd reduced its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 23.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,696,313 shares of the company’s stock after selling 514,538 shares during the period. Full Truck Alliance accounts for 25.1% of Blue Creek Capital Management Ltd’s holdings, making the stock its biggest holding. Blue Creek Capital Management Ltd owned 0.16% of Full Truck Alliance worth $18,354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in YMM. First Beijing Investment Ltd bought a new stake in shares of Full Truck Alliance during the third quarter worth about $123,804,000. Empower Harvest Management Services Inc. bought a new stake in Full Truck Alliance in the 4th quarter worth about $97,058,000. North of South Capital LLP grew its position in Full Truck Alliance by 74.8% in the 4th quarter. North of South Capital LLP now owns 5,692,489 shares of the company’s stock worth $61,593,000 after purchasing an additional 2,436,130 shares in the last quarter. Alkeon Capital Management LLC grew its position in Full Truck Alliance by 3.9% in the 3rd quarter. Alkeon Capital Management LLC now owns 24,276,570 shares of the company’s stock worth $218,732,000 after purchasing an additional 921,820 shares in the last quarter. Finally, Alberta Investment Management Corp grew its position in Full Truck Alliance by 37.5% in the 4th quarter. Alberta Investment Management Corp now owns 2,089,167 shares of the company’s stock worth $22,605,000 after purchasing an additional 569,633 shares in the last quarter. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Stock Up 0.8 %

YMM opened at $11.77 on Monday. The stock has a market cap of $12.40 billion, a price-to-earnings ratio of 28.02 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a twelve month low of $5.70 and a twelve month high of $13.03. The company’s 50-day moving average price is $11.49 and its two-hundred day moving average price is $9.80.

Analyst Ratings Changes

YMM has been the subject of a number of recent analyst reports. Citigroup upped their price objective on shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $12.00 to $13.00 in a research report on Wednesday, December 11th. HSBC initiated 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 objective for the company. Finally, Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a research report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $13.25.

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.