Arrowpoint Investment Partners Singapore Pte. Ltd. Acquires New Shares in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Arrowpoint Investment Partners Singapore Pte. Ltd. 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 and Exchange Commission. The firm acquired 48,339 shares of the company’s stock, valued at approximately $571,000. Full Truck Alliance makes up approximately 0.5% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s holdings, making the stock its 24th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of YMM. Prudential PLC raised its holdings in shares of Full Truck Alliance by 29.3% during the second quarter. Prudential PLC now owns 105,812 shares of the company’s stock valued at $1,250,000 after purchasing an additional 23,981 shares during the last quarter. ABN Amro Investment Solutions purchased a new stake in Full Truck Alliance in the second quarter worth approximately $1,962,000. Mirae Asset Global Investments Co. Ltd. grew its position in Full Truck Alliance by 9.0% in the 2nd 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. KADENSA CAPITAL Ltd raised its stake in Full Truck Alliance by 185.0% during the 1st quarter. KADENSA CAPITAL Ltd now owns 1,288,269 shares of the company’s stock valued at $16,451,000 after buying an additional 836,189 shares during the last quarter. Finally, Bayforest Capital Ltd lifted its holdings in shares of Full Truck Alliance by 90.3% during the 2nd quarter. Bayforest Capital Ltd now owns 82,972 shares of the company’s stock valued at $980,000 after buying an additional 39,365 shares during the period. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Performance

Shares of Full Truck Alliance stock opened at $11.20 on Thursday. The stock has a market cap of $11.71 billion, a P/E ratio of 21.12 and a beta of 0.20. The stock’s fifty day moving average is $12.54 and its 200 day moving average is $12.30. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $9.45 and a one year high of $14.07.

Analyst Ratings Changes

YMM has been the topic of a number of research reports. Barclays dropped their price target on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. Morgan Stanley set a $14.00 target price on Full Truck Alliance in a report on Monday, November 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Full Truck Alliance in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group set a $13.00 price target on shares of Full Truck Alliance in a research report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Full Truck Alliance has an average rating of “Moderate Buy” and an average target price 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.