Amiral Gestion Purchases 235,000 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Amiral Gestion lifted its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 106.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 455,000 shares of the company’s stock after acquiring an additional 235,000 shares during the quarter. Full Truck Alliance accounts for 2.1% of Amiral Gestion’s portfolio, making the stock its 14th largest position. Amiral Gestion’s holdings in Full Truck Alliance were worth $5,901,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brooklyn Investment Group raised its stake in shares of Full Truck Alliance by 495.4% during the first quarter. Brooklyn Investment Group now owns 2,459 shares of the company’s stock valued at $31,000 after acquiring an additional 2,046 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Full Truck Alliance by 9.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,314 shares of the company’s stock worth $311,000 after acquiring an additional 2,168 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Full Truck Alliance by 274.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after acquiring an additional 2,845 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Full Truck Alliance by 642.0% in the second quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock valued at $45,000 after buying an additional 3,274 shares during the last quarter. Finally, Compound Planning Inc. raised its holdings in shares of Full Truck Alliance by 47.7% during the first quarter. Compound Planning Inc. now owns 16,156 shares of the company’s stock worth $206,000 after purchasing an additional 5,218 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on YMM. Jefferies Financial Group set a $13.00 target price on Full Truck Alliance in a research note on Monday, November 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of Full Truck Alliance in a research note on Wednesday, October 8th. Morgan Stanley set a $14.00 target price on shares of Full Truck Alliance in a research note on Monday, November 17th. Finally, Barclays lowered their target price 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. One research 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.43.

Full Truck Alliance Stock Performance

Shares of YMM stock opened at $11.30 on Friday. 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 $11.82 billion, a PE ratio of 21.32 and a beta of 0.21. The stock has a fifty day moving average price of $11.95 and a 200 day moving average price of $12.23.

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.