Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,477,746 shares of the company’s stock after purchasing an additional 58,800 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.24% of Full Truck Alliance worth $32,136,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. increased its stake in Full Truck Alliance by 642.0% during the second quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock worth $45,000 after acquiring an additional 3,274 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Full Truck Alliance by 274.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after purchasing an additional 2,845 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Full Truck Alliance in the 2nd quarter valued at about $111,000. Daiwa Securities Group Inc. acquired a new position in Full Truck Alliance in the second quarter valued at about $118,000. Finally, Vise Technologies Inc. purchased a new position in Full Truck Alliance during the second quarter worth about $160,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on YMM shares. Morgan Stanley set a $14.00 price objective on shares of Full Truck Alliance in a report on Monday, November 17th. Jefferies Financial Group set a $13.00 target price on Full Truck Alliance in a research note on Monday, November 17th. Barclays dropped their target price on 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Full Truck Alliance in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.43.

Full Truck Alliance Stock Performance

YMM stock opened at $10.72 on Thursday. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $9.45 and a fifty-two week high of $14.07. The company’s 50 day moving average price is $11.52 and its 200 day moving average price is $12.14. The firm has a market capitalization of $11.21 billion, a price-to-earnings ratio of 20.22 and a beta of 0.22.

About Full Truck Alliance

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.