Handelsbanken Fonder AB Has $1.74 Million Stock Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Handelsbanken Fonder AB lifted its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 95.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 146,956 shares of the company’s stock after purchasing an additional 71,856 shares during the period. Handelsbanken Fonder AB’s holdings in Full Truck Alliance were worth $1,736,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in YMM. Prudential PLC lifted its stake in Full Truck Alliance by 29.3% in the second quarter. Prudential PLC now owns 105,812 shares of the company’s stock valued at $1,250,000 after buying an additional 23,981 shares during the period. Octahedron Capital Management L.P. increased its stake in shares of Full Truck Alliance by 93.6% in the 2nd quarter. Octahedron Capital Management L.P. now owns 482,041 shares of the company’s stock valued at $5,693,000 after acquiring an additional 233,041 shares during the last quarter. Freemont Capital Pte Ltd acquired a new stake in shares of Full Truck Alliance in the 2nd quarter valued at approximately $531,000. Davis Selected Advisers boosted its stake in Full Truck Alliance by 48.8% during the 2nd quarter. Davis Selected Advisers now owns 11,635,925 shares of the company’s stock worth $137,420,000 after acquiring an additional 3,816,581 shares during the last quarter. Finally, ABN Amro Investment Solutions bought a new position in Full Truck Alliance during the 2nd quarter worth approximately $1,962,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on YMM. Weiss Ratings reiterated a “buy (b-)” rating on shares of Full Truck Alliance in a report on Wednesday, October 8th. Barclays lowered their price objective on shares of Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 19th. Jefferies Financial Group set a $13.00 target price on Full Truck Alliance in a report on Monday, November 17th. Finally, Morgan Stanley set a $14.00 target price on Full Truck Alliance in a research note on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.43.

Full Truck Alliance Stock Up 2.1%

Shares of NYSE:YMM opened at $11.20 on Thursday. The firm has a market cap of $11.71 billion, a price-to-earnings ratio of 21.12 and a beta of 0.20. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $9.45 and a 12 month high of $14.07. The company’s fifty day simple moving average is $12.54 and its 200 day simple moving average is $12.30.

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.