Y Intercept Hong Kong Ltd Purchases 98,850 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Y Intercept Hong Kong Ltd lifted its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 66.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,436 shares of the company’s stock after buying an additional 98,850 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Full Truck Alliance were worth $3,222,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in Full Truck Alliance by 172.4% in the first quarter. Royal Bank of Canada now owns 34,765 shares of the company’s stock worth $444,000 after purchasing an additional 22,001 shares during the period. Truist Financial Corp boosted its position in shares of Full Truck Alliance by 25.6% in the 2nd quarter. Truist Financial Corp now owns 31,132 shares of the company’s stock worth $368,000 after purchasing an additional 6,344 shares in the last quarter. J. Safra Sarasin Holding AG purchased a new stake in shares of Full Truck Alliance in the 2nd quarter worth approximately $3,130,000. Mirae Asset Global Investments Co. Ltd. increased its position in Full Truck Alliance by 9.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,314 shares of the company’s stock valued at $311,000 after buying an additional 2,168 shares in the last quarter. Finally, Aberdeen Group plc raised its stake in Full Truck Alliance by 7.3% during the second quarter. Aberdeen Group plc now owns 220,213 shares of the company’s stock valued at $2,601,000 after buying an additional 14,897 shares during the last quarter. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Stock Up 1.8%

Shares of Full Truck Alliance stock opened at $9.99 on Tuesday. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $9.45 and a twelve month high of $14.07. The company’s 50 day moving average is $10.87 and its 200 day moving average is $11.94. The company has a market cap of $10.45 billion, a price-to-earnings ratio of 18.85 and a beta of 0.22.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on YMM shares. JPMorgan Chase & Co. downgraded Full Truck Alliance from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $11.00 to $8.00 in a report on Monday, January 12th. Morgan Stanley set a $14.00 price objective on shares of Full Truck Alliance in a research report on Monday, November 17th. Industrial Alliance Securities set a $8.00 target price on shares of Full Truck Alliance in a report on Monday, January 12th. Jefferies Financial Group set a $13.00 price target on shares of Full Truck Alliance in a report on Monday, November 17th. Finally, Weiss Ratings lowered shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.71.

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.