China Universal Asset Management Co. Ltd. Sells 67,000 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

China Universal Asset Management Co. Ltd. trimmed its position in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 16.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 353,000 shares of the company’s stock after selling 67,000 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Full Truck Alliance were worth $3,819,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of Full Truck Alliance by 109.5% during the 3rd quarter. Blue Trust Inc. now owns 9,999 shares of the company’s stock worth $90,000 after purchasing an additional 5,226 shares in the last quarter. Aigen Investment Management LP purchased a new stake in Full Truck Alliance during the third quarter worth about $151,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Full Truck Alliance during the 3rd quarter worth approximately $207,000. Crossmark Global Holdings Inc. lifted its position in shares of Full Truck Alliance by 44.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 30,102 shares of the company’s stock valued at $272,000 after buying an additional 9,210 shares during the last quarter. Finally, American Century Companies Inc. bought a new position in Full Truck Alliance during the second quarter worth about $289,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

YMM has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $12.00 to $13.00 in a report on Wednesday, December 11th. Citigroup boosted their price target on shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th.

Full Truck Alliance Stock Down 3.7 %

Shares of Full Truck Alliance stock opened at $11.23 on Friday. The firm has a market cap of $11.83 billion, a PE ratio of 26.73 and a beta of 0.25. The company’s fifty day simple moving average is $10.92 and its two-hundred day simple moving average is $9.14. Full Truck Alliance Co. Ltd. has a 12-month low of $5.70 and a 12-month high of $12.47.

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.