Capital International Inc. CA Takes $50.06 Million Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Capital International Inc. CA bought a new position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,859,842 shares of the company’s stock, valued at approximately $50,062,000. Capital International Inc. CA owned about 0.37% of Full Truck Alliance as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Compound Planning Inc. increased its holdings in Full Truck Alliance by 7.0% in the 3rd quarter. Compound Planning Inc. now owns 15,948 shares of the company’s stock worth $207,000 after purchasing an additional 1,048 shares in the last quarter. CI Investments Inc. increased its stake in shares of Full Truck Alliance by 10.7% in the third quarter. CI Investments Inc. now owns 10,924 shares of the company’s stock valued at $142,000 after buying an additional 1,052 shares during the period. Exchange Traded Concepts LLC raised its holdings in Full Truck Alliance by 0.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 248,174 shares of the company’s stock valued at $3,219,000 after buying an additional 1,410 shares during the last quarter. Parnassus Investments LLC raised its holdings in Full Truck Alliance by 12.1% in the 3rd quarter. Parnassus Investments LLC now owns 21,547 shares of the company’s stock valued at $279,000 after buying an additional 2,333 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Full Truck Alliance by 274.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after buying an additional 2,845 shares during the period. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on YMM shares. Weiss Ratings downgraded shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. iA Financial set a $8.00 price target on shares of Full Truck Alliance in a report on Monday, January 12th. JPMorgan Chase & Co. cut shares of Full Truck Alliance from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $11.00 to $8.00 in a research report on Monday, January 12th. Morgan Stanley set a $14.00 target price on shares of Full Truck Alliance in a research note on Monday, November 17th. Finally, Jefferies Financial Group set a $13.00 price target on shares of Full Truck Alliance in a research report on Monday, November 17th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.83.

Full Truck Alliance Trading Up 1.4%

YMM opened at $9.10 on Tuesday. The company has a market cap of $9.52 billion, a price-to-earnings ratio of 17.17 and a beta of 0.23. The company’s fifty day moving average price is $9.92 and its two-hundred day moving average price is $11.51. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $8.71 and a 1-year high of $14.07.

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.