Caas Capital Management LP Makes New $2.11 Million Investment in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Caas Capital Management LP acquired a new position in Full Truck Alliance Co. Ltd. (NYSE:YMM) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 195,371 shares of the company’s stock, valued at approximately $2,114,000. Full Truck Alliance makes up 0.4% of Caas Capital Management LP’s holdings, making the stock its 18th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Perpetual Ltd raised its stake in shares of Full Truck Alliance by 0.6% in the 3rd quarter. Perpetual Ltd now owns 1,864,459 shares of the company’s stock valued at $16,799,000 after purchasing an additional 10,626 shares in the last quarter. Blue Trust Inc. lifted its holdings in Full Truck Alliance by 109.5% in the third quarter. Blue Trust Inc. now owns 9,999 shares of the company’s stock worth $90,000 after acquiring an additional 5,226 shares during the last quarter. Polunin Capital Partners Ltd acquired a new position in Full Truck Alliance in the third quarter valued at approximately $29,632,000. China Universal Asset Management Co. Ltd. grew its holdings in shares of Full Truck Alliance by 20.0% during the third quarter. China Universal Asset Management Co. Ltd. now owns 420,000 shares of the company’s stock valued at $3,784,000 after purchasing an additional 70,000 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Full Truck Alliance by 10.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,701,028 shares of the company’s stock worth $33,346,000 after purchasing an additional 353,891 shares during the period. Institutional investors and hedge funds own 39.02% of the company’s stock.

Full Truck Alliance Stock Down 1.3 %

Shares of NYSE YMM opened at $11.12 on Tuesday. Full Truck Alliance Co. Ltd. has a fifty-two week low of $5.70 and a fifty-two week high of $12.47. The firm’s 50-day simple moving average is $10.95 and its 200 day simple moving average is $9.18. The stock has a market cap of $11.71 billion, a P/E ratio of 26.46 and a beta of 0.25.

Wall Street Analyst Weigh In

YMM has been the subject of a number of recent research reports. JPMorgan Chase & Co. downgraded Full Truck Alliance from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $12.00 to $13.00 in a research note on Wednesday, December 11th. Citigroup raised their target price on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th.

Full Truck Alliance Company Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.