Union Bancaire Privee UBP SA Has $3.63 Million Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Union Bancaire Privee UBP SA raised its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 373.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 294,422 shares of the company’s stock after acquiring an additional 232,190 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Full Truck Alliance were worth $3,628,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in YMM. SBI Securities Co. Ltd. acquired a new stake in shares of Full Truck Alliance during the 4th quarter worth about $64,000. Townsquare Capital LLC bought a new stake in Full Truck Alliance during the fourth quarter worth about $111,000. Wolverine Trading LLC acquired a new stake in shares of Full Truck Alliance during the fourth quarter worth approximately $115,000. Vise Technologies Inc. bought a new position in shares of Full Truck Alliance in the fourth quarter valued at approximately $130,000. Finally, Truist Financial Corp acquired a new position in shares of Full Truck Alliance in the 4th quarter worth approximately $143,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on YMM. Barclays raised their price target on Full Truck Alliance from $7.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Hsbc Global Res raised Full Truck Alliance to a “strong-buy” rating in a report on Wednesday, February 26th. HSBC began coverage on shares of Full Truck Alliance in a report on Wednesday, February 26th. They set a “buy” rating and a $18.00 price objective on the stock. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $18.00 to $10.00 in a research note on Monday, April 14th. Finally, Industrial Alliance Securities set a $18.00 target price on shares of Full Truck Alliance in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Full Truck Alliance Stock Down 0.9%

Full Truck Alliance stock opened at $12.12 on Thursday. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of 28.85 and a beta of 0.20. Full Truck Alliance Co. Ltd. has a 12-month low of $6.66 and a 12-month high of $13.85. The business’s 50-day simple moving average is $11.41 and its 200 day simple moving average is $11.58.

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.