Oaktree Capital Management LP Acquires 1,955,360 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Oaktree Capital Management LP boosted its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 106.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,797,697 shares of the company’s stock after buying an additional 1,955,360 shares during the quarter. Oaktree Capital Management LP owned approximately 0.36% of Full Truck Alliance worth $49,256,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake in shares of 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 acquiring an additional 2,845 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Full Truck Alliance in the 2nd quarter worth $111,000. Daiwa Securities Group Inc. bought a new position in Full Truck Alliance in the 2nd quarter worth $118,000. Oppenheimer Asset Management Inc. purchased a new position in Full Truck Alliance during the third quarter valued at $142,000. Finally, CI Investments Inc. lifted its position in Full Truck Alliance by 10.7% during the third quarter. CI Investments Inc. now owns 10,924 shares of the company’s stock valued at $142,000 after purchasing an additional 1,052 shares in the last quarter. 39.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

YMM has been the subject of a number of analyst reports. Morgan Stanley restated an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday. iA Financial set a $8.00 price objective on Full Truck Alliance in a research report on Monday, January 12th. Jefferies Financial Group set a $13.00 target price on shares of Full Truck Alliance in a 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. Finally, Barclays lowered their price target on shares of Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.43.

Full Truck Alliance Stock Down 2.2%

NYSE:YMM traded down $0.20 on Friday, reaching $8.78. 1,588,159 shares of the company’s stock traded hands, compared to its average volume of 9,033,592. The stock has a 50-day simple moving average of $9.82 and a 200-day simple moving average of $11.45. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $8.71 and a 12 month high of $14.07. The firm has a market cap of $9.18 billion, a PE ratio of 16.65 and a beta of 0.23.

Full Truck Alliance (NYSE:YMM) last released its earnings results on Thursday, March 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.13). The business had revenue of $456.32 million for the quarter, compared to analysts’ expectations of $3.13 billion. Full Truck Alliance had a return on equity of 11.33% and a net margin of 31.92%. On average, equities 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.