Blue Creek Capital Management Ltd Buys 96,000 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Blue Creek Capital Management Ltd grew its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 6.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,557,313 shares of the company’s stock after purchasing an additional 96,000 shares during the period. Full Truck Alliance makes up about 24.8% of Blue Creek Capital Management Ltd’s holdings, making the stock its largest holding. Blue Creek Capital Management Ltd’s holdings in Full Truck Alliance were worth $20,198,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its stake in Full Truck Alliance by 642.0% in the second quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock valued at $45,000 after buying an additional 3,274 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Full Truck Alliance by 274.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after purchasing an additional 2,845 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Full Truck Alliance in the second quarter valued at about $111,000. Daiwa Securities Group Inc. acquired a new stake in Full Truck Alliance in the second quarter valued at $118,000. Finally, Vise Technologies Inc. acquired a new position in shares of Full Truck Alliance during the 2nd quarter worth $160,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on YMM. Jefferies Financial Group set a $13.00 price objective on shares of Full Truck Alliance in a research note on Monday, November 17th. Barclays reduced their target price 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. Industrial Alliance Securities set a $8.00 price objective on shares of Full Truck Alliance in a research report on Monday, January 12th. Morgan Stanley set a $14.00 price target on Full Truck Alliance in a report on Monday, November 17th. Finally, JPMorgan Chase & Co. lowered shares of Full Truck Alliance from a “neutral” rating to an “underweight” rating and cut their target price for the company from $11.00 to $8.00 in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.71.

Full Truck Alliance Stock Down 2.4%

Shares of Full Truck Alliance stock opened at $9.91 on Friday. The business has a fifty day simple moving average of $10.82 and a 200-day simple moving average of $11.88. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $9.45 and a fifty-two week high of $14.07. The firm has a market cap of $10.36 billion, a price-to-earnings ratio of 18.70 and a beta of 0.22.

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.