Full Truck Alliance Co. Ltd. (NYSE:YMM) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 40.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 715,426 shares of the company’s stock after selling 484,759 shares during the period. SG Americas Securities LLC owned about 0.07% of Full Truck Alliance worth $7,741,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of Full Truck Alliance during the third quarter worth $3,525,000. Sylebra Capital LLC raised its stake in Full Truck Alliance by 57.9% during the second quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company’s stock worth $64,416,000 after acquiring an additional 2,939,456 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Full Truck Alliance by 12.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 912,011 shares of the company’s stock worth $8,217,000 after acquiring an additional 100,080 shares during the last quarter. XTX Topco Ltd boosted its stake in Full Truck Alliance by 318.2% in the third quarter. XTX Topco Ltd now owns 164,281 shares of the company’s stock valued at $1,480,000 after acquiring an additional 125,001 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Full Truck Alliance by 1,220.8% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,985,200 shares of the company’s stock valued at $15,961,000 after purchasing an additional 1,834,900 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Price Performance

YMM opened at $11.29 on Friday. The stock’s 50 day moving average price is $10.63 and its 200 day moving average price is $9.01. The stock has a market cap of $11.89 billion, a P/E ratio of 26.87 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a 12 month low of $5.70 and a 12 month high of $12.47.

Analyst Upgrades and Downgrades

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

About Full Truck Alliance

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.