Robeco Institutional Asset Management B.V. Sells 243,770 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Robeco Institutional Asset Management B.V. decreased its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,457,258 shares of the company’s stock after selling 243,770 shares during the period. Robeco Institutional Asset Management B.V. owned 0.33% of Full Truck Alliance worth $37,408,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. bought a new stake in shares of Full Truck Alliance in the 2nd quarter worth approximately $289,000. The Manufacturers Life Insurance Company increased its position in Full Truck Alliance by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 1,059,680 shares of the company’s stock worth $8,520,000 after buying an additional 40,593 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Full Truck Alliance by 1,220.8% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,985,200 shares of the company’s stock valued at $15,961,000 after buying an additional 1,834,900 shares during the period. Maple Brown Abbott Ltd purchased a new position in shares of Full Truck Alliance during the 3rd quarter valued at $517,000. Finally, SG Americas Securities LLC bought a new position in shares of Full Truck Alliance during the 3rd quarter worth $10,814,000. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

YMM has been the topic of a number of research reports. Citigroup boosted their price objective on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $12.00 to $13.00 in a research report on Wednesday, December 11th.

Full Truck Alliance Stock Performance

NYSE:YMM opened at $11.68 on Friday. Full Truck Alliance Co. Ltd. has a 52-week low of $5.70 and a 52-week high of $12.47. The business’s fifty day moving average is $10.88 and its 200 day moving average is $9.12. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 27.80 and a beta of 0.25.

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.