Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Acquired by XTX Topco Ltd

XTX Topco Ltd boosted its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 128.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,522 shares of the company’s stock after purchasing an additional 67,861 shares during the period. XTX Topco Ltd’s holdings in Full Truck Alliance were worth $1,423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of YMM. Bank of New York Mellon Corp increased its stake in Full Truck Alliance by 1.9% during the 1st quarter. Bank of New York Mellon Corp now owns 85,106 shares of the company’s stock worth $1,087,000 after buying an additional 1,577 shares during the period. Brooklyn Investment Group raised its position in shares of Full Truck Alliance by 495.4% during the 1st quarter. Brooklyn Investment Group now owns 2,459 shares of the company’s stock worth $31,000 after purchasing an additional 2,046 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Full Truck Alliance by 9.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,314 shares of the company’s stock worth $311,000 after purchasing an additional 2,168 shares during the period. Atlas Capital Advisors Inc. bought a new stake in shares of Full Truck Alliance in the 1st quarter worth approximately $29,000. Finally, US Bancorp DE acquired a new position in Full Truck Alliance during the 1st quarter valued at approximately $40,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on YMM. Barclays cut their target price 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 reiterated a “buy (b-)” rating on shares of Full Truck Alliance in a research report on Wednesday, October 8th. Morgan Stanley set a $14.00 target price on shares of Full Truck Alliance in a research report on Monday, November 17th. Finally, Jefferies Financial Group set a $13.00 price target on shares of Full Truck Alliance in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.43.

Full Truck Alliance Stock Performance

Shares of NYSE:YMM opened at $11.35 on Friday. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 21.42 and a beta of 0.20. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $9.45 and a 1-year high of $14.07. The company has a 50 day moving average price of $12.45 and a 200 day moving average price of $12.28.

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.