Alkeon Capital Management LLC Raises Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Alkeon Capital Management LLC increased its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 5.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,698,535 shares of the company’s stock after purchasing an additional 790,000 shares during the quarter. Alkeon Capital Management LLC owned approximately 1.41% of Full Truck Alliance worth $173,590,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group boosted its position in Full Truck Alliance by 495.4% during the first quarter. Brooklyn Investment Group now owns 2,459 shares of the company’s stock worth $31,000 after purchasing an additional 2,046 shares during the period. US Bancorp DE bought a new stake in Full Truck Alliance during the 1st quarter valued at $40,000. Hantz Financial Services Inc. lifted its position in shares of Full Truck Alliance by 642.0% during the second quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock worth $45,000 after acquiring an additional 3,274 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Full Truck Alliance by 274.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after purchasing an additional 2,845 shares in the last quarter. Finally, Summit Securities Group LLC lifted its holdings in shares of Full Truck Alliance by 1,466.6% in the first quarter. Summit Securities Group LLC now owns 5,013 shares of the company’s stock worth $64,000 after buying an additional 4,693 shares in the last quarter. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Performance

Shares of Full Truck Alliance stock opened at $11.75 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52-week low of $9.45 and a 52-week high of $14.07. The company has a fifty day moving average of $12.12 and a 200-day moving average of $12.25. The stock has a market capitalization of $12.29 billion, a price-to-earnings ratio of 22.17 and a beta of 0.21.

Analyst Ratings Changes

YMM has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Full Truck Alliance in a report on Wednesday, October 8th. Jefferies Financial Group set a $13.00 price target on shares of Full Truck Alliance in a report on Monday, November 17th. Morgan Stanley set a $14.00 price objective on Full Truck Alliance in a research note on Monday, November 17th. Finally, Barclays reduced their target price on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 19th. One investment 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.