Federated Hermes Inc. Cuts Stock Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Federated Hermes Inc. lowered its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 25.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 593,624 shares of the company’s stock after selling 202,136 shares during the period. Federated Hermes Inc.’s holdings in Full Truck Alliance were worth $7,699,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Hantz Financial Services Inc. boosted its position in Full Truck Alliance by 642.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock valued at $45,000 after buying an additional 3,274 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Full Truck Alliance by 274.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after purchasing an additional 2,845 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Full Truck Alliance during the 2nd quarter valued at $111,000. Daiwa Securities Group Inc. bought a new stake in shares of Full Truck Alliance during the 2nd quarter valued at about $118,000. Finally, Vise Technologies Inc. purchased a new stake in shares of Full Truck Alliance in the 2nd quarter worth $160,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Trading Down 3.2%

Shares of Full Truck Alliance stock opened at $9.83 on Monday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $9.45 and a 12-month high of $14.07. The firm’s 50 day simple moving average is $10.82 and its two-hundred day simple moving average is $11.87. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 18.54 and a beta of 0.22.

Wall Street Analyst Weigh In

Several research firms have commented on YMM. Weiss Ratings downgraded shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Jefferies Financial Group set a $13.00 price objective on Full Truck Alliance in a report on Monday, November 17th. Morgan Stanley set a $14.00 price target on shares of Full Truck Alliance in a research report on Monday, November 17th. Barclays dropped their price objective on shares of Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 19th. Finally, Industrial Alliance Securities set a $8.00 price target on shares of Full Truck Alliance in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.71.

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.