Davis Selected Advisers purchased a new position in Full Truck Alliance Co. Ltd. (NYSE:YMM – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,400,391 shares of the company’s stock, valued at approximately $58,432,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NS Partners Ltd purchased a new stake in Full Truck Alliance in the fourth quarter worth $1,790,000. Greenwoods Asset Management Hong Kong Ltd. lifted its stake in Full Truck Alliance by 7.4% in the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 26,019,803 shares of the company’s stock worth $281,534,000 after acquiring an additional 1,802,420 shares during the period. Aigen Investment Management LP lifted its stake in Full Truck Alliance by 127.6% in the fourth quarter. Aigen Investment Management LP now owns 38,131 shares of the company’s stock worth $413,000 after acquiring an additional 21,378 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Full Truck Alliance in the fourth quarter worth $64,000. Finally, Capital Wealth Planning LLC purchased a new stake in Full Truck Alliance in the fourth quarter worth $1,395,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.
Full Truck Alliance Price Performance
Shares of NYSE:YMM opened at $13.22 on Friday. Full Truck Alliance Co. Ltd. has a 1-year low of $6.18 and a 1-year high of $13.53. The business has a fifty day moving average price of $11.58 and a 200-day moving average price of $9.91. The company has a market capitalization of $13.92 billion, a PE ratio of 31.47 and a beta of 0.25.
Full Truck Alliance Increases Dividend
Analysts Set New Price Targets
YMM has been the subject of several recent research reports. JPMorgan Chase & Co. raised Full Truck Alliance from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $13.00 to $18.00 in a research report on Thursday. Hsbc Global Res raised Full Truck Alliance to a “strong-buy” rating in a research report on Wednesday, February 26th. Citigroup raised their price objective on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, HSBC initiated coverage on Full Truck Alliance in a research report on Wednesday, February 26th. They set a “buy” rating and a $18.00 price objective for the company. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $14.50.
Check Out Our Latest Report on YMM
Full Truck Alliance Profile
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.
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