FengHe Fund Management Pte. Ltd. Buys Shares of 119,100 Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

FengHe Fund Management Pte. Ltd. bought a new position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 119,100 shares of the company’s stock, valued at approximately $1,545,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Exchange Traded Concepts LLC lifted its stake in Full Truck Alliance by 0.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 248,174 shares of the company’s stock valued at $3,219,000 after purchasing an additional 1,410 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings 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 buying an additional 2,168 shares in the last quarter. Parnassus Investments LLC lifted its stake in shares of Full Truck Alliance by 12.1% in the 3rd quarter. Parnassus Investments LLC now owns 21,547 shares of the company’s stock valued at $279,000 after acquiring an additional 2,333 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Full Truck Alliance by 274.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after acquiring an additional 2,845 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Full Truck Alliance by 642.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock valued at $45,000 after acquiring an additional 3,274 shares in the last quarter. Institutional investors own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

YMM has been the subject of a number of recent research reports. Jefferies Financial Group set a $13.00 target price 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 on the stock in a report on Wednesday, November 19th. Morgan Stanley set a $14.00 price objective on shares of Full Truck Alliance in a report on Monday, November 17th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Full Truck Alliance in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Full Truck Alliance has a consensus rating of “Moderate Buy” and a consensus target price of $14.43.

Full Truck Alliance Stock Down 1.1%

YMM stock opened at $10.46 on Friday. The firm has a market cap of $10.94 billion, a price-to-earnings ratio of 19.73 and a beta of 0.22. The company’s fifty day simple moving average is $11.43 and its 200 day simple moving average is $12.12. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $9.45 and a 12-month high of $14.07.

About Full Truck Alliance

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.