Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Sold by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. lowered its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,845,117 shares of the company’s stock after selling 377,761 shares during the period. Full Truck Alliance makes up about 2.6% of E Fund Management Co. Ltd.’s holdings, making the stock its 7th biggest position. E Fund Management Co. Ltd. owned 0.46% of Full Truck Alliance worth $52,424,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in YMM. Robeco Institutional Asset Management B.V. grew its stake in Full Truck Alliance by 10.6% during 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 purchasing an additional 353,891 shares during the period. First Beijing Investment Ltd bought a new position in Full Truck Alliance in the third quarter worth approximately $123,804,000. Crossmark Global Holdings Inc. boosted its holdings 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 acquiring an additional 9,210 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of 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 valued at $6,347,000 after purchasing an additional 90,530 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of Full Truck Alliance in the third quarter valued at approximately $151,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup increased their price target on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Hsbc Global Res raised Full Truck Alliance to a “strong-buy” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. downgraded Full Truck Alliance from an “overweight” rating to a “neutral” rating and increased their price target for the company from $12.00 to $13.00 in a research report on Wednesday, December 11th. Finally, HSBC started coverage on Full Truck Alliance in a research report on Wednesday, February 26th. They issued a “buy” rating and a $18.00 target price for the company. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Full Truck Alliance has an average rating of “Buy” and a consensus target price of $13.25.

Full Truck Alliance Stock Performance

Shares of NYSE YMM opened at $13.31 on Thursday. The stock has a market cap of $14.02 billion, a PE ratio of 31.68 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a fifty-two week low of $5.70 and a fifty-two week high of $13.33. The stock has a fifty day moving average of $11.54 and a 200-day moving average of $9.88.

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.