Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $12.7143.

Several equities analysts recently issued reports on YMM shares. 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 objective on Full Truck Alliance in a research note on Monday, November 17th. Barclays dropped their price target on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $11.00 to $8.00 in a research report on Monday, January 12th. Finally, Morgan Stanley set a $14.00 price objective on shares of Full Truck Alliance in a research note on Monday, November 17th.

Institutional Investors Weigh In On Full Truck Alliance

Institutional investors and hedge funds have recently bought and sold shares of the stock. Amiral Gestion increased its position in Full Truck Alliance by 106.8% in the third quarter. Amiral Gestion now owns 455,000 shares of the company’s stock worth $5,901,000 after buying an additional 235,000 shares during the last quarter. Alkeon Capital Management LLC increased its holdings in Full Truck Alliance by 5.7% in the 2nd quarter. Alkeon Capital Management LLC now owns 14,698,535 shares of the company’s stock worth $173,590,000 after acquiring an additional 790,000 shares during the last quarter. Nordea Investment Management AB bought a new stake in Full Truck Alliance in the 3rd quarter valued at about $22,237,000. Prudential PLC lifted its holdings in Full Truck Alliance by 29.3% during the second quarter. Prudential PLC now owns 105,812 shares of the company’s stock valued at $1,250,000 after purchasing an additional 23,981 shares during the last quarter. Finally, ABN Amro Investment Solutions bought a new position in Full Truck Alliance during the second quarter worth about $1,962,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Stock Performance

Full Truck Alliance stock opened at $9.85 on Friday. The firm has a market cap of $10.30 billion, a price-to-earnings ratio of 18.59 and a beta of 0.22. Full Truck Alliance has a 52-week low of $9.45 and a 52-week high of $14.07. The firm has a 50 day moving average price of $11.16 and a two-hundred day moving average price of $12.05.

About Full Truck Alliance

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.