North of South Capital LLP Grows Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

North of South Capital LLP boosted its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 74.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,692,489 shares of the company’s stock after acquiring an additional 2,436,130 shares during the period. Full Truck Alliance accounts for approximately 7.5% of North of South Capital LLP’s holdings, making the stock its 5th biggest holding. North of South Capital LLP’s holdings in Full Truck Alliance were worth $61,593,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Blue Trust Inc. boosted its holdings 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 valued at $90,000 after buying an additional 5,226 shares in the last quarter. Truist Financial Corp bought a new stake in shares of Full Truck Alliance during the 4th quarter valued at $143,000. Aigen Investment Management LP bought a new stake in shares of Full Truck Alliance during the 3rd quarter valued at $151,000. Savant Capital LLC bought a new stake in shares of Full Truck Alliance during the 4th quarter valued at $194,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Full Truck Alliance during the 3rd quarter valued at $207,000. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Performance

Shares of NYSE:YMM opened at $12.54 on Friday. Full Truck Alliance Co. Ltd. has a fifty-two week low of $5.70 and a fifty-two week high of $13.03. The business has a 50-day simple moving average of $11.39 and a two-hundred day simple moving average of $9.58. The firm has a market cap of $13.21 billion, a price-to-earnings ratio of 29.85 and a beta of 0.25.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $13.00 in a report on Wednesday, December 11th. Citigroup boosted their target price on shares of Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, December 10th.

Full Truck Alliance Company 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.