BRIGHT VALLEY CAPITAL Ltd lowered its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM – Free Report) by 70.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 755,876 shares of the company’s stock after selling 1,816,124 shares during the period. Full Truck Alliance comprises 3.0% of BRIGHT VALLEY CAPITAL Ltd’s holdings, making the stock its 7th largest holding. BRIGHT VALLEY CAPITAL Ltd’s holdings in Full Truck Alliance were worth $8,111,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Banque de Luxembourg S.A. bought a new position in shares of Full Truck Alliance during the fourth quarter valued at $44,000. CoreCap Advisors LLC increased its position in shares of Full Truck Alliance by 2,000.0% during the fourth quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock worth $45,000 after buying an additional 4,000 shares during the period. EverSource Wealth Advisors LLC increased its position 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 worth $46,000 after buying an additional 2,845 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of Full Truck Alliance during the third quarter worth $51,000. Finally, Shen Neil Nanpeng acquired a new stake in shares of Full Truck Alliance during the third quarter worth $93,000. Institutional investors own 39.02% of the company’s stock.
Full Truck Alliance Trading Up 1.4%
NYSE:YMM opened at $8.46 on Friday. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 0.77 and a beta of 0.30. The firm has a fifty day simple moving average of $8.63 and a two-hundred day simple moving average of $9.55. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $8.04 and a 12 month high of $14.07.
Analyst Upgrades and Downgrades
YMM has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price objective for the company in a research report on Wednesday, April 1st. Daiwa Securities Group cut shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research report on Friday, March 13th. Weiss Ratings upgraded shares of Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Citigroup reiterated a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. Finally, Bank of America initiated coverage on shares of Full Truck Alliance in a research report on Tuesday, May 5th. They set a “buy” rating and a $11.30 price objective for the company. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.76.
View Our Latest Analysis on Full Truck Alliance
Full Truck Alliance Company 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.
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