Full Truck Alliance Co. Ltd. (NYSE:YMM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Full Truck Alliance Co. Ltd. (NYSE:YMM) has been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $13.25.

Several analysts have recently commented on the company. HSBC began coverage on Full Truck Alliance in a report on Wednesday. They set a “buy” rating and a $18.00 target price on the stock. JPMorgan Chase & Co. cut shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $13.00 in a research report on Wednesday, December 11th. Citigroup boosted their target price on shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a research note on Wednesday.

Institutional Investors Weigh In On Full Truck Alliance

Institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Full Truck Alliance by 1.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,262 shares of the company’s stock valued at $1,128,000 after buying an additional 1,722 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in Full Truck Alliance by 20.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 20,408 shares of the company’s stock worth $221,000 after acquiring an additional 3,442 shares during the last quarter. abrdn plc grew its holdings in Full Truck Alliance by 22.6% during the fourth quarter. abrdn plc now owns 22,705 shares of the company’s stock valued at $246,000 after purchasing an additional 4,187 shares during the period. Geode Capital Management LLC increased its stake in Full Truck Alliance by 3.7% in the third quarter. Geode Capital Management LLC now owns 118,404 shares of the company’s stock valued at $1,067,000 after purchasing an additional 4,235 shares in the last quarter. Finally, LMR Partners LLP raised its holdings in Full Truck Alliance by 25.4% in the fourth quarter. LMR Partners LLP now owns 27,881 shares of the company’s stock worth $302,000 after purchasing an additional 5,646 shares during the period. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Trading Up 0.6 %

NYSE:YMM opened at $11.66 on Friday. The stock has a market capitalization of $12.28 billion, a P/E ratio of 27.75 and a beta of 0.25. Full Truck Alliance has a 1 year low of $5.70 and a 1 year high of $13.03. The firm has a 50 day moving average of $11.48 and a 200-day moving average of $9.74.

Full Truck Alliance Company 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.