WT Asset Management Ltd Grows Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

WT Asset Management Ltd increased its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 394.5% in the 4th quarter, Holdings Channel reports. The fund owned 558,800 shares of the company’s stock after buying an additional 445,800 shares during the quarter. Full Truck Alliance accounts for about 0.7% of WT Asset Management Ltd’s investment portfolio, making the stock its 23rd biggest position. WT Asset Management Ltd’s holdings in Full Truck Alliance were worth $6,046,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of YMM. Alkeon Capital Management LLC lifted its holdings in shares of Full Truck Alliance by 3.9% during the third quarter. Alkeon Capital Management LLC now owns 24,276,570 shares of the company’s stock valued at $218,732,000 after purchasing an additional 921,820 shares during the last quarter. First Beijing Investment Ltd purchased a new position in Full Truck Alliance during the third quarter valued at $123,804,000. Bamco Inc. NY raised its stake in Full Truck Alliance by 1.2% during the third quarter. Bamco Inc. NY now owns 10,405,899 shares of the company’s stock valued at $93,757,000 after buying an additional 125,853 shares during the last quarter. Empower Harvest Management Services Inc. bought a new stake in Full Truck Alliance in the fourth quarter worth $97,058,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Full Truck Alliance by 9.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 5,156,188 shares of the company’s stock worth $46,457,000 after acquiring an additional 444,884 shares during the last quarter. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Stock Performance

NYSE YMM opened at $11.58 on Wednesday. The company has a market capitalization of $12.20 billion, a price-to-earnings ratio of 27.56 and a beta of 0.25. The stock has a 50-day moving average of $10.98 and a 200 day moving average of $9.21. Full Truck Alliance Co. Ltd. has a one year low of $5.70 and a one year high of $12.47.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on YMM shares. Citigroup upped 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. JPMorgan Chase & Co. downgraded 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 research note on Wednesday, December 11th.

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.