Myriad Asset Management US LP Purchases New Shares in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Myriad Asset Management US LP purchased a new stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 97,477 shares of the company’s stock, valued at approximately $1,264,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Full Truck Alliance during the 2nd quarter worth approximately $134,623,000. Aspex Management HK Ltd lifted its position in shares of Full Truck Alliance by 47.7% during the second quarter. Aspex Management HK Ltd now owns 22,455,623 shares of the company’s stock worth $265,201,000 after purchasing an additional 7,246,996 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Full Truck Alliance in the second quarter valued at about $84,428,000. Alpine Investment Management Ltd acquired a new position in Full Truck Alliance during the 2nd quarter worth $54,303,000. Finally, Davis Selected Advisers increased its holdings in shares of Full Truck Alliance by 48.8% in the 2nd quarter. Davis Selected Advisers now owns 11,635,925 shares of the company’s stock valued at $137,420,000 after acquiring an additional 3,816,581 shares during the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Jefferies Financial Group set a $13.00 target price on shares of Full Truck Alliance in a research report on Monday, November 17th. JPMorgan Chase & Co. downgraded Full Truck Alliance from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $11.00 to $8.00 in a report on Monday, January 12th. Morgan Stanley set a $14.00 price target on shares of Full Truck Alliance in a research note on Monday, November 17th. Weiss Ratings cut Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. Finally, Industrial Alliance Securities set a $8.00 target price on Full Truck Alliance in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Full Truck Alliance currently has an average rating of “Moderate Buy” and a consensus target price of $12.71.

Full Truck Alliance Stock Up 1.1%

YMM opened at $9.96 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $9.45 and a 12-month high of $14.07. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 18.79 and a beta of 0.22. The business has a 50 day moving average of $10.94 and a 200-day moving average of $11.99.

Full Truck Alliance 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.