Polunin Capital Partners Ltd Sells 101,800 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Polunin Capital Partners Ltd lowered its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 3.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,145,346 shares of the company’s stock after selling 101,800 shares during the period. Full Truck Alliance accounts for 6.2% of Polunin Capital Partners Ltd’s investment portfolio, making the stock its 5th largest position. Polunin Capital Partners Ltd owned 0.30% of Full Truck Alliance worth $42,085,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the company. Alkeon Capital Management LLC grew its stake in shares of Full Truck Alliance by 5.7% in the 2nd quarter. Alkeon Capital Management LLC now owns 14,698,535 shares of the company’s stock valued at $173,590,000 after buying an additional 790,000 shares during the period. ABN Amro Investment Solutions acquired a new stake in Full Truck Alliance during the second quarter worth $1,962,000. Prudential PLC increased its stake in Full Truck Alliance by 29.3% during the second quarter. Prudential PLC now owns 105,812 shares of the company’s stock worth $1,250,000 after acquiring an additional 23,981 shares during the last quarter. Alpine Investment Management Ltd purchased a new stake in Full Truck Alliance in the second quarter valued at $54,303,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Full Truck Alliance by 9.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,314 shares of the company’s stock valued at $311,000 after acquiring an additional 2,168 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Trading Up 1.4%

YMM stock opened at $11.33 on Wednesday. The business has a 50 day simple moving average of $12.02 and a 200-day simple moving average of $12.24. The company has a market capitalization of $11.84 billion, a P/E ratio of 21.37 and a beta of 0.21. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $9.45 and a twelve month high of $14.07.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Morgan Stanley set a $14.00 price objective on Full Truck Alliance in a report on Monday, November 17th. Barclays reduced their price target on shares of Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Full Truck Alliance in a report on Wednesday, October 8th. Finally, Jefferies Financial Group set a $13.00 price target on Full Truck Alliance in a research report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.43.

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.