OLP CAPITAL MANAGEMENT Ltd Buys 9,983,779 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

OLP CAPITAL MANAGEMENT Ltd raised its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 198.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,007,851 shares of the company’s stock after purchasing an additional 9,983,779 shares during the quarter. Full Truck Alliance comprises approximately 31.4% of OLP CAPITAL MANAGEMENT Ltd’s holdings, making the stock its 2nd biggest holding. OLP CAPITAL MANAGEMENT Ltd owned approximately 1.43% of Full Truck Alliance worth $161,034,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Full Truck Alliance by 150.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock valued at $32,000 after purchasing an additional 1,762 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Full Truck Alliance by 274.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after purchasing an additional 2,845 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Full Truck Alliance in the 3rd quarter valued at $51,000. Banque de Luxembourg S.A. acquired a new position in shares of Full Truck Alliance in the 4th quarter valued at $44,000. Finally, CoreCap Advisors LLC boosted its holdings in shares of Full Truck Alliance by 2,000.0% in the 4th quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock valued at $45,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Full Truck Alliance Trading Down 0.6%

NYSE:YMM opened at $8.42 on Friday. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 0.78 and a beta of 0.30. The firm’s fifty day simple moving average is $8.63 and its 200 day simple moving average is $9.55. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $8.04 and a twelve month high of $14.07.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.01 earnings per share (EPS) for the quarter. Full Truck Alliance had a net margin of 32.68% and a return on equity of 10.52%. The firm had revenue of $456.32 million for the quarter. On average, analysts predict that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on YMM shares. Morgan Stanley reiterated an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. Citigroup reiterated a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Weiss Ratings lowered shares of Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price target on the stock in a report on Wednesday, April 1st. Finally, Daiwa Securities Group lowered shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a report on Friday, March 13th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Full Truck Alliance presently has an average rating of “Moderate Buy” and a consensus target price of $10.76.

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.