AIA Group Ltd Has $5.97 Million Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

AIA Group Ltd lifted its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 78.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 460,301 shares of the company’s stock after buying an additional 202,056 shares during the period. AIA Group Ltd’s holdings in Full Truck Alliance were worth $5,970,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Schroder Investment Management Group raised its stake in shares of Full Truck Alliance by 2,789.6% in the third quarter. Schroder Investment Management Group now owns 33,333,051 shares of the company’s stock valued at $432,330,000 after purchasing an additional 32,179,501 shares in the last quarter. First Beijing Investment Ltd increased its holdings in Full Truck Alliance by 73.8% in the 3rd quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock valued at $890,333,000 after buying an additional 29,150,926 shares during the period. Invesco Ltd. increased its holdings in Full Truck Alliance by 66.4% in the 3rd quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock valued at $703,277,000 after buying an additional 21,628,993 shares during the period. Capital International Investors acquired a new position in shares of Full Truck Alliance in the 3rd quarter valued at $188,227,000. Finally, Norges Bank bought a new position in shares of Full Truck Alliance during the 2nd quarter worth about $134,623,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Price Performance

YMM opened at $8.15 on Thursday. The stock has a market capitalization of $8.52 billion, a P/E ratio of 13.58 and a beta of 0.23. The company’s 50 day simple moving average is $9.61 and its 200-day simple moving average is $11.33. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $8.14 and a one year high of $14.07.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The firm had revenue of $456.32 million for the quarter, compared to the consensus estimate of $3.13 billion. Full Truck Alliance had a return on equity of 11.33% and a net margin of 35.22%. As a group, analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

YMM has been the topic of several recent research reports. iA Financial set a $8.00 target price on shares of Full Truck Alliance in a research report on Monday, January 12th. Morgan Stanley reissued an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday, March 12th. Daiwa Securities Group cut shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price target for the company. in a research note on Friday, March 13th. JPMorgan Chase & Co. lowered Full Truck Alliance from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $11.00 to $8.00 in a research note on Monday, January 12th. Finally, Barclays dropped 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. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.43.

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.