Nomura Holdings Inc. Increases Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Nomura Holdings Inc. boosted its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 300.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 914,963 shares of the company’s stock after buying an additional 686,751 shares during the period. Nomura Holdings Inc. owned approximately 0.09% of Full Truck Alliance worth $10,806,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of YMM. US Bancorp DE acquired a new stake in Full Truck Alliance during the 1st quarter valued at approximately $40,000. Atria Wealth Solutions Inc. purchased a new position in shares of Full Truck Alliance during the first quarter worth $212,000. Vanguard Group Inc. lifted its position in Full Truck Alliance by 1.5% during the first quarter. Vanguard Group Inc. now owns 29,373,877 shares of the company’s stock valued at $375,104,000 after purchasing an additional 430,834 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Full Truck Alliance by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 907,487 shares of the company’s stock valued at $11,589,000 after purchasing an additional 15,896 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in Full Truck Alliance during the 1st quarter worth about $351,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Full Truck Alliance Stock Down 0.6%

YMM opened at $11.75 on Monday. The firm’s fifty day simple moving average is $12.12 and its two-hundred day simple moving average is $12.25. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52-week low of $9.45 and a 52-week high of $14.07. The company has a market cap of $12.29 billion, a price-to-earnings ratio of 22.17 and a beta of 0.22.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Full Truck Alliance in a report on Wednesday, October 8th. Barclays decreased their price target on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, November 19th. Jefferies Financial Group set a $13.00 price objective on shares of Full Truck Alliance in a research note on Monday, November 17th. Finally, Morgan Stanley set a $14.00 target price on shares of Full Truck Alliance in a research note on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $14.43.

About Full Truck Alliance

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.