Full Truck Alliance Co. Ltd. Sponsored ADR $YMM is Blue Creek Capital Management Ltd’s Largest Position

Blue Creek Capital Management Ltd raised its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 6.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,557,313 shares of the company’s stock after purchasing an additional 96,000 shares during the quarter. Full Truck Alliance accounts for about 24.8% of Blue Creek Capital Management Ltd’s investment portfolio, making the stock its largest position. Blue Creek Capital Management Ltd owned approximately 0.15% of Full Truck Alliance worth $20,198,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of YMM. Hantz Financial Services Inc. boosted its stake in Full Truck Alliance by 642.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock worth $45,000 after purchasing an additional 3,274 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Full Truck Alliance by 274.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after acquiring an additional 2,845 shares during the last quarter. Headlands Technologies LLC purchased a new position in Full Truck Alliance in the second quarter worth about $111,000. Daiwa Securities Group Inc. bought a new stake in Full Truck Alliance during the second quarter worth approximately $118,000. Finally, Vise Technologies Inc. bought a new position in Full Truck Alliance during the second quarter valued at $160,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

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

Full Truck Alliance Trading Down 2.4%

Shares of NYSE:YMM opened at $9.91 on Friday. The company has a market capitalization of $10.36 billion, a PE ratio of 18.70 and a beta of 0.22. The business has a 50 day moving average of $10.82 and a two-hundred day moving average of $11.88. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $9.45 and a 12-month high of $14.07.

Full Truck Alliance Company 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.