Citigroup Inc. Increases Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Citigroup Inc. grew its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 27.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,394,809 shares of the company’s stock after buying an additional 303,587 shares during the quarter. Citigroup Inc. owned 0.13% of Full Truck Alliance worth $18,091,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Working Capital Advisors UK Ltd. purchased a new stake in Full Truck Alliance in the third quarter worth $9,150,000. Vanguard Group Inc. boosted its stake in shares of Full Truck Alliance by 1.1% during the third quarter. Vanguard Group Inc. now owns 32,543,487 shares of the company’s stock valued at $422,089,000 after purchasing an additional 353,840 shares during the period. State of New Jersey Common Pension Fund D bought a new position in shares of Full Truck Alliance in the third quarter worth about $4,455,000. Profund Advisors LLC increased its stake in Full Truck Alliance by 22.8% in the 3rd quarter. Profund Advisors LLC now owns 117,534 shares of the company’s stock worth $1,524,000 after buying an additional 21,811 shares during the period. Finally, OPTIMAS CAPITAL Ltd bought a new stake in Full Truck Alliance during the 3rd quarter valued at about $6,458,000. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Price Performance

Shares of NYSE YMM opened at $9.40 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $9.36 and a 1-year high of $14.07. The business has a fifty day moving average price of $10.16 and a 200 day moving average price of $11.60. The stock has a market capitalization of $9.83 billion, a P/E ratio of 17.73 and a beta of 0.22.

Analyst Ratings Changes

YMM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $11.00 to $8.00 in a research note on Monday, January 12th. Weiss Ratings cut Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Jefferies Financial Group set a $13.00 price objective on Full Truck Alliance in a report on Monday, November 17th. 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. Finally, iA Financial set a $8.00 price target on Full Truck Alliance in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently 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.