Y Intercept Hong Kong Ltd Purchases 98,850 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Y Intercept Hong Kong Ltd lifted its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 66.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 248,436 shares of the company’s stock after purchasing an additional 98,850 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Full Truck Alliance were worth $3,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Full Truck Alliance during the 2nd quarter worth $134,623,000. Aspex Management HK Ltd increased its position in Full Truck Alliance by 47.7% in the second quarter. Aspex Management HK Ltd now owns 22,455,623 shares of the company’s stock worth $265,201,000 after buying an additional 7,246,996 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Full Truck Alliance in the second quarter worth about $84,428,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Full Truck Alliance by 76.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,647,830 shares of the company’s stock valued at $138,102,000 after buying an additional 4,611,050 shares in the last quarter. Finally, Alpine Investment Management Ltd bought a new position in shares of Full Truck Alliance during the 2nd quarter valued at approximately $54,303,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on YMM shares. Jefferies Financial Group set a $13.00 target price on shares of Full Truck Alliance in a research note on Monday, November 17th. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $11.00 to $8.00 in a research report on Monday, January 12th. Morgan Stanley set a $14.00 target price on shares of Full Truck Alliance in a research note on Monday, November 17th. Weiss Ratings lowered Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Finally, Industrial Alliance Securities set a $8.00 price objective on Full Truck Alliance in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Full Truck Alliance has an average rating of “Moderate Buy” and an average price target of $12.71.

Full Truck Alliance Stock Up 1.8%

Full Truck Alliance stock opened at $9.99 on Tuesday. The company’s 50-day moving average price is $10.87 and its 200-day moving average price is $11.94. The company has a market cap of $10.45 billion, a PE ratio of 18.85 and a beta of 0.22. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $9.45 and a twelve month high of $14.07.

Full Truck Alliance Company 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.