Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Acquired by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lifted its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 8.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,002 shares of the company’s stock after purchasing an additional 9,379 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Full Truck Alliance were worth $1,394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of YMM. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Full Truck Alliance in the 2nd quarter worth about $84,428,000. Kontiki Capital Management HK Ltd. acquired a new position in shares of Full Truck Alliance in the first quarter worth about $81,320,000. APG Asset Management N.V. acquired a new position in shares of Full Truck Alliance in the first quarter worth about $56,253,000. Nuveen LLC purchased a new position in shares of Full Truck Alliance in the first quarter worth approximately $59,933,000. Finally, Davis Selected Advisers raised its holdings in shares of Full Truck Alliance by 48.8% during the second 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 period. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analysts Set New Price Targets

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

Full Truck Alliance Stock Up 2.1%

YMM stock opened at $11.20 on Friday. The company has a 50 day moving average of $12.49 and a two-hundred day moving average of $12.29. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 21.12 and a beta of 0.20. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $9.45 and a 12-month high of $14.07.

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.