Polunin Capital Partners Ltd Sells 29,102 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Polunin Capital Partners Ltd lowered its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,308,322 shares of the company’s stock after selling 29,102 shares during the quarter. Full Truck Alliance comprises about 9.5% of Polunin Capital Partners Ltd’s portfolio, making the stock its 3rd biggest holding. Polunin Capital Partners Ltd owned 0.31% of Full Truck Alliance worth $37,246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of YMM. Blue Trust Inc. raised its stake in shares of Full Truck Alliance by 109.5% in the 3rd quarter. Blue Trust Inc. now owns 9,999 shares of the company’s stock worth $90,000 after buying an additional 5,226 shares in the last quarter. Aigen Investment Management LP bought a new stake in Full Truck Alliance in the third quarter worth about $151,000. Wilmington Savings Fund Society FSB acquired a new stake in Full Truck Alliance in the 3rd quarter valued at about $207,000. abrdn plc boosted its position in shares of Full Truck Alliance by 22.6% during the 4th quarter. abrdn plc now owns 22,705 shares of the company’s stock valued at $246,000 after purchasing an additional 4,187 shares in the last quarter. Finally, IMC Chicago LLC acquired a new position in shares of Full Truck Alliance in the 4th quarter worth approximately $263,000. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Price Performance

Shares of YMM opened at $11.85 on Friday. The company has a 50-day moving average of $11.05 and a two-hundred day moving average of $9.24. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of 28.22 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a one year low of $5.70 and a one year high of $12.47.

Analyst Ratings Changes

Several research firms recently commented on YMM. Citigroup increased their target price on shares of Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. downgraded Full Truck Alliance from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $12.00 to $13.00 in a research report on Wednesday, December 11th.

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.