Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Position Lowered by Alpine Investment Management Ltd

Alpine Investment Management Ltd trimmed its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 13.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,000,000 shares of the company’s stock after selling 598,038 shares during the quarter. Full Truck Alliance comprises approximately 17.6% of Alpine Investment Management Ltd’s portfolio, making the stock its 2nd biggest position. Alpine Investment Management Ltd owned about 0.38% of Full Truck Alliance worth $51,880,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of YMM. EverSource Wealth Advisors LLC grew its stake in shares of Full Truck Alliance by 274.9% in the second 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 period. Headlands Technologies LLC bought a new position in Full Truck Alliance during the second quarter valued at approximately $111,000. Daiwa Securities Group Inc. purchased a new stake in Full Truck Alliance in the second quarter worth approximately $118,000. Oppenheimer Asset Management Inc. purchased a new stake in Full Truck Alliance in the third quarter worth approximately $142,000. Finally, CI Investments Inc. grew its position in Full Truck Alliance by 10.7% in the 3rd quarter. CI Investments Inc. now owns 10,924 shares of the company’s stock worth $142,000 after purchasing an additional 1,052 shares during the period. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Trading Up 0.7%

YMM opened at $9.00 on Friday. The firm’s 50 day simple moving average is $9.96 and its two-hundred day simple moving average is $11.53. The company has a market capitalization of $9.41 billion, a PE ratio of 16.98 and a beta of 0.23. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $8.75 and a 1-year high of $14.07.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on YMM. Jefferies Financial Group set a $13.00 target price on shares of Full Truck Alliance in a research note on Monday, November 17th. Morgan Stanley set a $14.00 price objective on Full Truck Alliance in a report on Monday, November 17th. Barclays reduced their price objective 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. iA Financial set a $8.00 target price on Full Truck Alliance in a report on Monday, January 12th. Finally, Weiss Ratings downgraded Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.83.

Full Truck Alliance Company Profile

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.