Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $14.4286.

A number of brokerages have recently commented on YMM. Jefferies Financial Group set a $13.00 target price on Full Truck Alliance in a report on Monday, November 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Full Truck Alliance in a research report on Wednesday, October 8th. Morgan Stanley set a $14.00 price objective on shares of Full Truck Alliance in a research note on Monday, November 17th. Finally, Barclays cut their price objective 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.

Full Truck Alliance Trading Up 0.1%

YMM opened at $11.20 on Wednesday. The stock has a 50-day moving average of $11.89 and a 200 day moving average of $12.21. Full Truck Alliance has a 12 month low of $9.45 and a 12 month high of $14.07. The firm has a market cap of $11.71 billion, a P/E ratio of 21.12 and a beta of 0.21.

Institutional Trading of Full Truck Alliance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schroder Investment Management Group raised its holdings in shares of Full Truck Alliance by 2,789.6% in the third quarter. Schroder Investment Management Group now owns 33,333,051 shares of the company’s stock worth $432,330,000 after buying an additional 32,179,501 shares during the period. First Beijing Investment Ltd boosted its holdings in Full Truck Alliance by 73.8% during the 3rd quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock valued at $890,333,000 after acquiring an additional 29,150,926 shares during the period. Invesco Ltd. grew its position in Full Truck Alliance by 66.4% in the 3rd quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock valued at $703,277,000 after acquiring an additional 21,628,993 shares during the last quarter. Capital International Investors purchased a new stake in Full Truck Alliance in the third quarter worth $188,227,000. Finally, Norges Bank bought a new stake in shares of Full Truck Alliance during the second quarter worth $134,623,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Company Profile

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.