Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Stake Lowered by Sands Capital Management LLC

Sands Capital Management LLC cut its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 9.5% in the 4th quarter, Holdings Channel reports. The firm owned 6,123,768 shares of the company’s stock after selling 643,087 shares during the quarter. Sands Capital Management LLC’s holdings in Full Truck Alliance were worth $65,708,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Capital International Investors bought a new position in Full Truck Alliance in the 3rd quarter worth approximately $188,227,000. Carrhae Capital LLP bought a new position in Full Truck Alliance in the 3rd quarter worth approximately $34,692,000. SG Americas Securities LLC grew its holdings in Full Truck Alliance by 534.0% in the 4th quarter. SG Americas Securities LLC now owns 1,146,420 shares of the company’s stock worth $12,301,000 after buying an additional 965,601 shares in the last quarter. Nordea Investment Management AB grew its holdings in Full Truck Alliance by 36.9% in the 4th quarter. Nordea Investment Management AB now owns 2,326,558 shares of the company’s stock worth $25,080,000 after buying an additional 627,118 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Full Truck Alliance by 103.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,260,366 shares of the company’s stock worth $29,317,000 after buying an additional 1,148,008 shares in the last quarter. 39.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

YMM has been the subject of a number of recent analyst reports. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Weiss Ratings lowered Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Nomura initiated coverage on Full Truck Alliance in a report on Friday. They issued a “buy” rating for the company. JPMorgan Chase & Co. raised Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price objective for the company in a report on Wednesday, April 1st. Finally, Bank of America initiated coverage on Full Truck Alliance in a report on Tuesday, May 5th. They issued a “buy” rating and a $11.30 price objective for the company. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.76.

Full Truck Alliance Price Performance

YMM opened at $8.42 on Monday. The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 0.78 and a beta of 0.30. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $8.04 and a 1-year high of $14.07. The business has a 50 day moving average price of $8.63 and a two-hundred day moving average price of $9.54.

Full Truck Alliance (NYSE:YMM) last released its earnings results on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%.The firm had revenue of $456.32 million during the quarter. Equities analysts expect that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 EPS for the current fiscal year.

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.