Bamco Inc. NY trimmed its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM – Free Report) by 8.6% in the fourth quarter, Holdings Channel reports. The firm owned 5,772,623 shares of the company’s stock after selling 542,234 shares during the period. Bamco Inc. NY’s holdings in Full Truck Alliance were worth $61,940,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the stock. Compound Planning Inc. boosted its stake in Full Truck Alliance by 7.0% during the third quarter. Compound Planning Inc. now owns 15,948 shares of the company’s stock worth $207,000 after buying an additional 1,048 shares during the period. CI Investments Inc. increased its holdings in Full Truck Alliance by 10.7% in the 3rd quarter. CI Investments Inc. now owns 10,924 shares of the company’s stock valued at $142,000 after purchasing an additional 1,052 shares during the last quarter. Parnassus Investments LLC increased its holdings in Full Truck Alliance by 7.1% in the 4th quarter. Parnassus Investments LLC now owns 23,076 shares of the company’s stock valued at $248,000 after purchasing an additional 1,529 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Full Truck Alliance by 150.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock valued at $32,000 after purchasing an additional 1,762 shares during the last quarter. Finally, Capital International Sarl increased its holdings in Full Truck Alliance by 0.8% in the 4th quarter. Capital International Sarl now owns 266,548 shares of the company’s stock valued at $2,860,000 after purchasing an additional 2,030 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on YMM. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 target price for the company in a report on Wednesday, April 1st. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. Nomura set a $11.00 price objective on Full Truck Alliance in a research report on Monday. Bank of America initiated coverage on shares of Full Truck Alliance in a report on Tuesday, May 5th. They set a “buy” rating and a $11.30 price target for the company. Finally, Morgan Stanley restated an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.79.
Full Truck Alliance Trading Down 0.6%
Shares of YMM stock opened at $7.99 on Thursday. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 0.74 and a beta of 0.30. The stock has a 50 day simple moving average of $8.63 and a 200-day simple moving average of $9.48. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $7.92 and a 12-month high of $14.07.
Full Truck Alliance (NYSE:YMM – Get Free Report) last issued its earnings results on Saturday, February 14th. The company reported $0.01 earnings per share (EPS) for the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%.The business had revenue of $456.32 million during the quarter. On average, equities analysts forecast that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 earnings per share for the current fiscal year.
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.
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