Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Bought by Aspex Management HK Ltd

Aspex Management HK Ltd lifted its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 47.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,455,623 shares of the company’s stock after purchasing an additional 7,246,996 shares during the period. Full Truck Alliance comprises about 5.8% of Aspex Management HK Ltd’s holdings, making the stock its 9th largest position. Aspex Management HK Ltd owned 2.15% of Full Truck Alliance worth $265,201,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in YMM. Alpine Investment Management Ltd acquired a new position in Full Truck Alliance in the 2nd quarter valued at $54,303,000. Northwest & Ethical Investments L.P. lifted its stake in shares of Full Truck Alliance by 8.6% in the 2nd quarter. Northwest & Ethical Investments L.P. now owns 118,002 shares of the company’s stock worth $1,394,000 after acquiring an additional 9,379 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Full Truck Alliance by 197.8% in the second quarter. Russell Investments Group Ltd. now owns 1,112,358 shares of the company’s stock valued at $13,137,000 after acquiring an additional 738,827 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Full Truck Alliance during the second quarter worth about $84,428,000. Finally, XTX Topco Ltd raised its holdings in Full Truck Alliance by 128.9% during the second quarter. XTX Topco Ltd now owns 120,522 shares of the company’s stock worth $1,423,000 after purchasing an additional 67,861 shares in the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley set a $14.00 price objective on Full Truck Alliance in a report on Monday, November 17th. Barclays reduced their price target on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Full Truck Alliance in a report on Wednesday, October 8th. Finally, Jefferies Financial Group set a $13.00 target price on Full Truck Alliance in a report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.43.

Full Truck Alliance Price Performance

YMM opened at $11.20 on Thursday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $9.45 and a 1-year high of $14.07. 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 50 day simple moving average is $12.54 and its 200 day simple moving average is $12.30.

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.