Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Bought by Nomura Holdings Inc.

Nomura Holdings Inc. boosted its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 300.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 914,963 shares of the company’s stock after acquiring an additional 686,751 shares during the period. Nomura Holdings Inc.’s holdings in Full Truck Alliance were worth $10,806,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group grew its position in Full Truck Alliance by 495.4% in the first quarter. Brooklyn Investment Group now owns 2,459 shares of the company’s stock worth $31,000 after acquiring an additional 2,046 shares during the period. US Bancorp DE purchased a new stake in Full Truck Alliance in the first quarter valued at $40,000. Hantz Financial Services Inc. lifted its stake in shares of Full Truck Alliance by 642.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock valued at $45,000 after purchasing an additional 3,274 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Full Truck Alliance by 274.9% during the 2nd 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. Finally, Summit Securities Group LLC increased its position in shares of Full Truck Alliance by 1,466.6% during the 1st quarter. Summit Securities Group LLC now owns 5,013 shares of the company’s stock worth $64,000 after purchasing an additional 4,693 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on YMM. Morgan Stanley set a $14.00 target price on Full Truck Alliance in a report on Monday, November 17th. Jefferies Financial Group set a $13.00 target price on Full Truck Alliance in a research note 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. Finally, Barclays lowered their target price on shares of Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.43.

Full Truck Alliance Stock Down 0.6%

YMM opened at $11.75 on Monday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52 week low of $9.45 and a 52 week high of $14.07. The business’s 50 day moving average is $12.12 and its two-hundred day moving average is $12.25. The firm has a market cap of $12.29 billion, a price-to-earnings ratio of 22.17 and a beta of 0.22.

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.