Van ECK Associates Corp Reduces Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Van ECK Associates Corp trimmed its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 23.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,059,536 shares of the company’s stock after selling 320,727 shares during the period. Van ECK Associates Corp’s holdings in Full Truck Alliance were worth $11,465,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of YMM. abrdn plc increased its position in Full Truck Alliance by 22.6% in the fourth quarter. abrdn plc now owns 22,705 shares of the company’s stock worth $246,000 after buying an additional 4,187 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Full Truck Alliance by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 118,404 shares of the company’s stock valued at $1,067,000 after acquiring an additional 4,235 shares during the period. Blue Trust Inc. increased its holdings in Full Truck Alliance by 109.5% in the 3rd quarter. Blue Trust Inc. now owns 9,999 shares of the company’s stock worth $90,000 after acquiring an additional 5,226 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in Full Truck Alliance by 1.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 545,517 shares of the company’s stock worth $4,910,000 after acquiring an additional 5,660 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its holdings in Full Truck Alliance by 44.1% during the third quarter. Crossmark Global Holdings Inc. now owns 30,102 shares of the company’s stock valued at $272,000 after purchasing an additional 9,210 shares in the last quarter. 39.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on YMM shares. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $13.00 in a research report on Wednesday, December 11th. Citigroup raised their price target on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, December 10th.

Full Truck Alliance Price Performance

Full Truck Alliance stock opened at $12.70 on Friday. Full Truck Alliance Co. Ltd. has a 1 year low of $5.70 and a 1 year high of $13.03. The firm’s 50 day moving average price is $11.32 and its 200-day moving average price is $9.45. The stock has a market cap of $13.38 billion, a P/E ratio of 30.23 and a beta of 0.25.

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.