Union Bancaire Privee UBP SA Buys New Shares in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Union Bancaire Privee UBP SA bought a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 62,232 shares of the company’s stock, valued at approximately $647,000.

Several other institutional investors and hedge funds also recently made changes to their positions in YMM. Blue Trust Inc. boosted its position in Full Truck Alliance by 120.9% during the 4th quarter. Blue Trust Inc. now owns 22,090 shares of the company’s stock valued at $239,000 after buying an additional 12,091 shares during the period. Maple Brown Abbott Ltd boosted its position in Full Truck Alliance by 104.8% during the 4th quarter. Maple Brown Abbott Ltd now owns 117,472 shares of the company’s stock valued at $1,271,000 after buying an additional 60,100 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in Full Truck Alliance during the 4th quarter valued at $2,511,000. Franklin Resources Inc. boosted its position in Full Truck Alliance by 31.5% during the 3rd quarter. Franklin Resources Inc. now owns 277,966 shares of the company’s stock valued at $2,613,000 after buying an additional 66,638 shares during the period. Finally, Tidal Investments LLC purchased a new stake in Full Truck Alliance during the 3rd quarter valued at $1,258,000. Institutional investors own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on YMM. Citigroup increased their price target on shares of Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $12.00 to $13.00 in a research note on Wednesday, December 11th.

Full Truck Alliance Trading Up 0.7 %

Shares of YMM opened at $11.44 on Wednesday. The firm’s 50-day moving average price is $10.81 and its 200-day moving average price is $9.09. The firm has a market capitalization of $12.05 billion, a price-to-earnings ratio of 27.23 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a 1-year low of $5.70 and a 1-year high of $12.47.

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.