Oaktree Capital Management LP Acquires New Shares in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Oaktree Capital Management LP acquired a new position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,842,337 shares of the company’s stock, valued at approximately $21,758,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. ABN Amro Investment Solutions acquired a new position in Full Truck Alliance during the second quarter worth $1,962,000. Prudential PLC grew its position in Full Truck Alliance by 29.3% in the 2nd quarter. Prudential PLC now owns 105,812 shares of the company’s stock valued at $1,250,000 after acquiring an additional 23,981 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Full Truck Alliance by 9.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,314 shares of the company’s stock worth $311,000 after purchasing an additional 2,168 shares during the period. Alpine Investment Management Ltd acquired a new stake in shares of Full Truck Alliance during the second quarter worth about $54,303,000. Finally, KADENSA CAPITAL Ltd boosted its stake in shares of Full Truck Alliance by 185.0% in the first quarter. KADENSA CAPITAL Ltd now owns 1,288,269 shares of the company’s stock valued at $16,451,000 after purchasing an additional 836,189 shares during the period. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Down 0.2%

YMM stock opened at $11.30 on Friday. The business has a 50 day moving average price of $12.30 and a 200 day moving average price of $12.25. The stock has a market cap of $11.81 billion, a price-to-earnings ratio of 21.31 and a beta of 0.21. 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.

Analyst Upgrades and Downgrades

Several research firms have commented on YMM. Jefferies Financial Group set a $13.00 price target on shares of Full Truck Alliance in a research note on Monday, November 17th. Morgan Stanley set a $14.00 price objective on Full Truck Alliance in a research report 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 report on Wednesday, November 19th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Full Truck Alliance in a research report on Wednesday, October 8th. 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 company. According to data from MarketBeat, Full Truck Alliance presently has an average rating of “Moderate Buy” and a consensus price target of $14.43.

About Full Truck Alliance

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.