WT Asset Management Ltd Buys 445,800 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

WT Asset Management Ltd lifted its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 394.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 558,800 shares of the company’s stock after purchasing an additional 445,800 shares during the quarter. Full Truck Alliance accounts for about 0.7% of WT Asset Management Ltd’s holdings, making the stock its 23rd largest position. WT Asset Management Ltd owned about 0.05% of Full Truck Alliance worth $6,046,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Caas Capital Management LP bought a new position in shares of Full Truck Alliance in the fourth quarter worth approximately $2,114,000. abrdn plc raised its position in Full Truck Alliance by 22.6% in the 4th quarter. abrdn plc now owns 22,705 shares of the company’s stock worth $246,000 after purchasing an additional 4,187 shares during the period. Empower Harvest Management Services Inc. bought a new stake in Full Truck Alliance in the fourth quarter worth $97,058,000. Union Bancaire Privee UBP SA purchased a new stake in Full Truck Alliance during the 4th quarter valued at about $647,000. Finally, Blue Trust Inc. grew its holdings in shares of Full Truck Alliance by 120.9% in the fourth quarter. Blue Trust Inc. now owns 22,090 shares of the company’s stock worth $239,000 after purchasing an additional 12,091 shares during the last quarter. Institutional investors own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

YMM has been the subject of several analyst reports. 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. cut Full Truck Alliance from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $13.00 in a research note on Wednesday, December 11th.

Full Truck Alliance Price Performance

Shares of NYSE YMM opened at $11.58 on Wednesday. Full Truck Alliance Co. Ltd. has a 1 year low of $5.70 and a 1 year high of $12.47. The company’s 50-day moving average is $10.98 and its 200 day moving average is $9.21. The stock has a market capitalization of $12.20 billion, a P/E ratio of 27.56 and a beta of 0.25.

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.