AI Squared Management Ltd Purchases Shares of 278,700 Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

AI Squared Management Ltd acquired a new stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 278,700 shares of the company’s stock, valued at approximately $3,615,000. Full Truck Alliance makes up approximately 3.8% of AI Squared Management Ltd’s holdings, making the stock its 12th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in Full Truck Alliance by 274.9% in the second 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 period. Headlands Technologies LLC bought a new position in Full Truck Alliance during the second quarter worth about $111,000. Daiwa Securities Group Inc. acquired a new stake in Full Truck Alliance during the second quarter valued at approximately $118,000. Oppenheimer Asset Management Inc. acquired a new stake in Full Truck Alliance during the third quarter valued at approximately $142,000. Finally, CI Investments Inc. grew its stake in shares of Full Truck Alliance by 10.7% in the 3rd quarter. CI Investments Inc. now owns 10,924 shares of the company’s stock valued at $142,000 after purchasing an additional 1,052 shares during the period. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Trading Up 0.7%

NYSE:YMM opened at $9.00 on Friday. The stock has a market capitalization of $9.41 billion, a P/E 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. The firm has a 50 day moving average of $9.96 and a 200-day moving average of $11.53.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut 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 report on Monday, January 12th. Barclays decreased their price target on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. Weiss Ratings lowered Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Morgan Stanley set a $14.00 price objective on Full Truck Alliance in a report on Monday, November 17th. Finally, iA Financial set a $8.00 target price on shares of 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 assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Full Truck Alliance has a consensus rating of “Hold” and a consensus target price 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.