Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Stock Position Raised by Triata Capital Ltd

Triata Capital Ltd lifted its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 469.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 400,019 shares of the company’s stock after acquiring an additional 329,736 shares during the quarter. Full Truck Alliance makes up about 1.2% of Triata Capital Ltd’s holdings, making the stock its 11th biggest holding. Triata Capital Ltd’s holdings in Full Truck Alliance were worth $5,108,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Full Truck Alliance by 6.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,146 shares of the company’s stock valued at $311,000 after acquiring an additional 1,406 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Full Truck Alliance by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 85,106 shares of the company’s stock valued at $1,087,000 after acquiring an additional 1,577 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Full Truck Alliance by 495.4% in the 1st quarter. Brooklyn Investment Group now owns 2,459 shares of the company’s stock valued at $31,000 after acquiring an additional 2,046 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in Full Truck Alliance in the 1st quarter valued at approximately $29,000. Finally, US Bancorp DE acquired a new position in Full Truck Alliance in the 1st quarter valued at approximately $40,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Up 2.5%

Shares of YMM opened at $11.04 on Monday. The company’s fifty day moving average is $11.90 and its 200-day moving average is $11.91. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $6.85 and a 12 month high of $13.85. The firm has a market cap of $11.55 billion, a price-to-earnings ratio of 22.08 and a beta of 0.20.

Wall Street Analyst Weigh In

Separately, Citigroup dropped their price objective on shares of Full Truck Alliance from $16.50 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $15.00.

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.