Capital Wealth Planning LLC Takes Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Capital Wealth Planning LLC bought a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 128,935 shares of the company’s stock, valued at approximately $1,395,000.

A number of other institutional investors also recently bought and sold shares of YMM. Robeco Institutional Asset Management B.V. lifted its position in Full Truck Alliance by 10.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,701,028 shares of the company’s stock worth $33,346,000 after buying an additional 353,891 shares during the last quarter. First Beijing Investment Ltd bought a new stake in Full Truck Alliance in the third quarter worth $123,804,000. Crossmark Global Holdings Inc. lifted its position in Full Truck Alliance by 44.1% in the third quarter. Crossmark Global Holdings Inc. now owns 30,102 shares of the company’s stock worth $272,000 after buying an additional 9,210 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its position in Full Truck Alliance by 14.7% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 704,770 shares of the company’s stock worth $6,347,000 after buying an additional 90,530 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in Full Truck Alliance in the third quarter worth $151,000. 39.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

YMM has been the subject of several research analyst reports. Hsbc Global Res upgraded Full Truck Alliance to a “strong-buy” rating in a research report on Wednesday. JPMorgan Chase & Co. downgraded Full Truck Alliance from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $12.00 to $13.00 in a research report on Wednesday, December 11th. HSBC initiated coverage on Full Truck Alliance in a research report on Wednesday. They set a “buy” rating and a $18.00 target price for the company. Finally, Citigroup lifted their target price on Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Full Truck Alliance has an average rating of “Buy” and a consensus price target of $13.25.

Full Truck Alliance Trading Up 0.8 %

Shares of Full Truck Alliance stock opened at $11.77 on Friday. The firm has a market cap of $12.40 billion, a P/E ratio of 28.02 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a 12 month low of $5.70 and a 12 month high of $13.03. The stock’s fifty day moving average price is $11.49 and its 200-day moving average price is $9.79.

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.