Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Sold by Sands Capital Management LLC

Sands Capital Management LLC decreased its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,123,768 shares of the company’s stock after selling 643,087 shares during the quarter. Sands Capital Management LLC owned approximately 0.59% of Full Truck Alliance worth $65,708,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Landscape Capital Management L.L.C. acquired a new position in shares of Full Truck Alliance in the fourth quarter worth about $193,000. Barclays PLC lifted its stake in shares of Full Truck Alliance by 18.2% in the fourth quarter. Barclays PLC now owns 678,130 shares of the company’s stock worth $7,276,000 after acquiring an additional 104,519 shares in the last quarter. Marshall Wace LLP bought a new stake in Full Truck Alliance in the fourth quarter valued at about $22,334,000. Schroder Investment Management Group increased its holdings in Full Truck Alliance by 43.6% in the fourth quarter. Schroder Investment Management Group now owns 47,859,035 shares of the company’s stock valued at $513,527,000 after buying an additional 14,525,984 shares during the last quarter. Finally, OLP CAPITAL MANAGEMENT Ltd increased its holdings in Full Truck Alliance by 198.7% in the fourth quarter. OLP CAPITAL MANAGEMENT Ltd now owns 15,007,851 shares of the company’s stock valued at $161,034,000 after buying an additional 9,983,779 shares during the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on YMM. Nomura began coverage on Full Truck Alliance in a report on Friday. They issued a “buy” rating for the company. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Morgan Stanley reissued an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. Weiss Ratings lowered Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price objective for the company in a report on Wednesday, April 1st. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Full Truck Alliance has a consensus rating of “Moderate Buy” and an average target price of $10.76.

Full Truck Alliance Stock Down 0.3%

Shares of Full Truck Alliance stock opened at $8.42 on Monday. The firm has a market cap of $8.77 billion, a P/E ratio of 14.76, a P/E/G ratio of 0.78 and a beta of 0.30. The business has a 50-day moving average price of $8.63 and a 200 day moving average price of $9.54. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $8.04 and a fifty-two week high of $14.07.

Full Truck Alliance (NYSE:YMM) last posted its earnings results on Saturday, February 14th. The company reported $0.01 EPS for the quarter. The company had revenue of $456.32 million during the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%. As a group, equities research analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 earnings per share for the current year.

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.