Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Sold by Bamco Inc. NY

Bamco Inc. NY decreased its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 8.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,772,623 shares of the company’s stock after selling 542,234 shares during the quarter. Bamco Inc. NY owned 0.55% of Full Truck Alliance worth $61,940,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of YMM. First Beijing Investment Ltd increased its stake in shares of Full Truck Alliance by 73.8% during the third quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock worth $890,333,000 after purchasing an additional 29,150,926 shares in the last quarter. FIL Ltd increased its stake in shares of Full Truck Alliance by 1.6% during the fourth quarter. FIL Ltd now owns 64,382,173 shares of the company’s stock worth $690,821,000 after purchasing an additional 1,040,793 shares in the last quarter. Invesco Ltd. increased its stake in shares of Full Truck Alliance by 66.4% during the third quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock worth $703,277,000 after purchasing an additional 21,628,993 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of Full Truck Alliance by 43.6% during the fourth quarter. Schroder Investment Management Group now owns 47,859,035 shares of the company’s stock worth $513,527,000 after purchasing an additional 14,525,984 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Full Truck Alliance by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 33,004,634 shares of the company’s stock worth $354,140,000 after purchasing an additional 461,147 shares in the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analysts Set New Price Targets

YMM has been the subject of a number of research reports. Bank of America initiated coverage on shares of Full Truck Alliance in a research note on Tuesday, May 5th. They set a “buy” rating and a $11.30 target price for the company. Morgan Stanley reiterated an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday, March 12th. Citigroup reiterated a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. Daiwa Securities Group cut shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research note on Friday, March 13th. Finally, Weiss Ratings cut shares of Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Full Truck Alliance has a consensus rating of “Moderate Buy” and an average target price of $10.79.

Full Truck Alliance Stock Performance

Shares of Full Truck Alliance stock opened at $7.99 on Thursday. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $7.92 and a one year high of $14.07. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 0.74 and a beta of 0.30. The business’s 50 day moving average price is $8.63 and its 200 day moving average price is $9.48.

Full Truck Alliance (NYSE:YMM) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.01 EPS for the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%.The firm had revenue of $456.32 million for the quarter. On average, analysts predict that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 EPS for the current fiscal year.

Full Truck Alliance Company Profile

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.