Barclays Boosts Full Truck Alliance (NYSE:YMM) Price Target to $13.00

Full Truck Alliance (NYSE:YMM) had its price target lifted by equities research analysts at Barclays from $7.00 to $13.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 2.86% from the stock’s current price.

YMM has been the subject of a number of other reports. HSBC assumed coverage on Full Truck Alliance in a report on Wednesday, February 26th. They set a “buy” rating and a $18.00 price objective for the company. Citigroup raised their price target on Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and upped their price target for the company from $13.00 to $18.00 in a research note on Thursday. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $16.00.

Full Truck Alliance Stock Down 4.0 %

Shares of Full Truck Alliance stock opened at $12.64 on Monday. Full Truck Alliance has a 12-month low of $6.57 and a 12-month high of $13.53. The stock has a 50 day moving average price of $11.63 and a two-hundred day moving average price of $9.98. The stock has a market capitalization of $13.32 billion, a P/E ratio of 29.94 and a beta of 0.25.

Institutional Investors Weigh In On Full Truck Alliance

Institutional investors and hedge funds have recently made changes to their positions in the business. GF Fund Management CO. LTD. purchased a new position in shares of Full Truck Alliance during the fourth quarter worth approximately $16,578,000. Burgundy Asset Management Ltd. increased its stake in shares of Full Truck Alliance by 1,541.1% during the fourth quarter. Burgundy Asset Management Ltd. now owns 915,700 shares of the company’s stock valued at $9,908,000 after buying an additional 859,901 shares during the period. Vise Technologies Inc. purchased a new stake in shares of Full Truck Alliance in the 4th quarter worth about $130,000. Sylebra Capital LLC lifted its holdings in Full Truck Alliance by 64.3% in the fourth quarter. Sylebra Capital LLC now owns 10,693,280 shares of the company’s stock worth $115,701,000 after buying an additional 4,184,065 shares during the period. Finally, Wolverine Trading LLC purchased a new stake in Full Truck Alliance in the fourth quarter worth $115,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

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.