Squarepoint Ops LLC Reduces Stock Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Squarepoint Ops LLC decreased its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 52.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 131,826 shares of the company’s stock after selling 148,307 shares during the quarter. Squarepoint Ops LLC’s holdings in Full Truck Alliance were worth $1,557,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP grew its holdings in Full Truck Alliance by 472.9% in the 2nd quarter. Hudson Bay Capital Management LP now owns 143,222 shares of the company’s stock valued at $1,691,000 after buying an additional 118,222 shares in the last quarter. Nomura Holdings Inc. boosted its position in shares of Full Truck Alliance by 300.9% during the 2nd quarter. Nomura Holdings Inc. now owns 914,963 shares of the company’s stock valued at $10,806,000 after acquiring an additional 686,751 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Full Truck Alliance in the second quarter valued at about $111,000. Vident Advisory LLC grew its holdings in shares of Full Truck Alliance by 27.3% in the second quarter. Vident Advisory LLC now owns 65,161 shares of the company’s stock valued at $770,000 after purchasing an additional 13,957 shares during the period. Finally, Tidal Investments LLC increased its position in Full Truck Alliance by 27.8% during the second quarter. Tidal Investments LLC now owns 157,093 shares of the company’s stock worth $1,855,000 after purchasing an additional 34,157 shares during the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Full Truck Alliance Stock Performance

Shares of YMM stock opened at $11.11 on Friday. The firm has a market cap of $11.62 billion, a P/E ratio of 20.96 and a beta of 0.21. The firm’s 50 day moving average price is $11.94 and its 200-day moving average price is $12.22. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $9.45 and a one year high of $14.07.

Analysts Set New Price Targets

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

Full Truck Alliance Profile

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.