Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Stake Boosted by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 103.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,260,366 shares of the company’s stock after purchasing an additional 1,148,008 shares during the quarter. Russell Investments Group Ltd.’s holdings in Full Truck Alliance were worth $29,317,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Compound Planning Inc. raised its holdings in shares of Full Truck Alliance by 7.0% during the third quarter. Compound Planning Inc. now owns 15,948 shares of the company’s stock worth $207,000 after purchasing an additional 1,048 shares during the period. CI Investments Inc. boosted its holdings in shares of Full Truck Alliance by 10.7% in the 3rd 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 boosted its holdings in shares of 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 period. Parnassus Investments LLC raised its stake in Full Truck Alliance by 12.1% during the third quarter. Parnassus Investments LLC now owns 21,547 shares of the company’s stock worth $279,000 after acquiring an additional 2,333 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Full Truck Alliance by 274.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after acquiring an additional 2,845 shares during the period. Institutional investors own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. lowered 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 report on Monday, January 12th. Jefferies Financial Group set a $13.00 target price on Full Truck Alliance in a research report on Monday, November 17th. Barclays cut their target price on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.83.

Full Truck Alliance Stock Down 1.4%

Shares of YMM stock opened at $9.01 on Friday. The stock has a 50-day simple moving average of $9.82 and a 200 day simple moving average of $11.45. The stock has a market capitalization of $9.42 billion, a P/E ratio of 16.99 and a beta of 0.23. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $8.71 and a fifty-two week high of $14.07.

Full Truck Alliance (NYSE:YMM) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.13). Full Truck Alliance had a return on equity of 11.33% and a net margin of 31.92%.The business had revenue of $456.32 million during the quarter, compared to the consensus estimate of $3.13 billion. On average, sell-side analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.46 earnings per share for the current year.

About Full Truck Alliance

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.