Greenwoods Asset Management Hong Kong Ltd. Decreases Stock Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Greenwoods Asset Management Hong Kong Ltd. reduced its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,597,879 shares of the company’s stock after selling 196,648 shares during the quarter. Full Truck Alliance comprises about 8.4% of Greenwoods Asset Management Hong Kong Ltd.’s portfolio, making the stock its 6th biggest position. Greenwoods Asset Management Hong Kong Ltd. owned 2.73% of Full Truck Alliance worth $370,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of YMM. Hantz Financial Services Inc. boosted its position in Full Truck Alliance by 642.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock valued at $45,000 after buying an additional 3,274 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Full Truck Alliance by 274.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after acquiring an additional 2,845 shares during the period. Headlands Technologies LLC bought a new position in Full Truck Alliance in the second quarter valued at about $111,000. Daiwa Securities Group Inc. acquired a new stake in Full Truck Alliance in the second quarter worth about $118,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Full Truck Alliance in the third quarter worth about $142,000. Institutional investors own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

YMM has been the topic of a number of research reports. Jefferies Financial Group set a $13.00 target price on shares of Full Truck Alliance in a research report on Monday, November 17th. Weiss Ratings cut shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Morgan Stanley set a $14.00 target price on shares of Full Truck Alliance in a research report on Monday, November 17th. JPMorgan Chase & Co. downgraded Full Truck Alliance from a “neutral” rating to an “underweight” rating and cut their price target for the company from $11.00 to $8.00 in a research note on Monday, January 12th. Finally, Barclays decreased their price objective on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.71.

Full Truck Alliance Stock Performance

Shares of YMM opened at $9.63 on Friday. The stock has a 50 day simple moving average of $10.34 and a 200 day simple moving average of $11.66. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52-week low of $9.39 and a 52-week high of $14.07. The firm has a market capitalization of $10.07 billion, a PE ratio of 18.16 and a beta of 0.22.

Full Truck Alliance 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.