All Stars Investment Ltd Lowers Stake in Full Truck Alliance Co. Ltd. (NYSE:YMM)

All Stars Investment Ltd reduced its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,686,610 shares of the company’s stock after selling 1,500,000 shares during the period. Full Truck Alliance comprises 89.9% of All Stars Investment Ltd’s portfolio, making the stock its largest holding. All Stars Investment Ltd’s holdings in Full Truck Alliance were worth $245,469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in Full Truck Alliance by 109.5% in the 3rd quarter. Blue Trust Inc. now owns 9,999 shares of the company’s stock worth $90,000 after acquiring an additional 5,226 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Full Truck Alliance in the third quarter worth $151,000. Scientech Research LLC purchased a new stake in shares of Full Truck Alliance in the second quarter worth $156,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Full Truck Alliance during the 3rd quarter valued at $207,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Full Truck Alliance by 29.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,969 shares of the company’s stock worth $209,000 after buying an additional 5,847 shares during the period. 39.02% of the stock is owned by hedge funds and other institutional investors.

Full Truck Alliance Stock Performance

Shares of NYSE YMM opened at $11.32 on Wednesday. The firm’s fifty day moving average is $10.52 and its two-hundred day moving average is $8.98. Full Truck Alliance Co. Ltd. has a 52-week low of $5.70 and a 52-week high of $12.47. The company has a market cap of $11.92 billion, a P/E ratio of 26.94 and a beta of 0.25.

Analysts Set New Price Targets

YMM has been the topic of a number of recent analyst reports. Citigroup raised their price target on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. downgraded Full Truck Alliance from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $12.00 to $13.00 in a research note on Wednesday, December 11th.

Full Truck Alliance Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.