Hsbc Holdings PLC Has $13.12 Million Stake in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Hsbc Holdings PLC lowered its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 47.9% in the fourth quarter, Holdings Channel reports. The firm owned 1,216,792 shares of the company’s stock after selling 1,120,715 shares during the quarter. Hsbc Holdings PLC’s holdings in Full Truck Alliance were worth $13,120,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of Full Truck Alliance by 480.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,826 shares of the company’s stock worth $73,000 after buying an additional 5,651 shares during the last quarter. Invesco Ltd. increased its position in shares of Full Truck Alliance by 7.5% in the fourth quarter. Invesco Ltd. now owns 58,272,671 shares of the company’s stock valued at $625,266,000 after acquiring an additional 4,049,322 shares during the last quarter. Vident Advisory LLC increased its position in shares of Full Truck Alliance by 11.9% in the fourth quarter. Vident Advisory LLC now owns 56,261 shares of the company’s stock valued at $604,000 after acquiring an additional 5,967 shares during the last quarter. XTX Topco Ltd bought a new stake in Full Truck Alliance during the fourth quarter worth about $790,000. Finally, Yiheng Capital Management L.P. bought a new stake in Full Truck Alliance during the fourth quarter worth about $4,412,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Stock Performance

Shares of YMM stock opened at $7.55 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52-week low of $7.53 and a 52-week high of $14.07. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 0.69 and a beta of 0.30. The firm’s 50-day moving average is $8.56 and its 200-day moving average is $9.32.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.01 EPS for the quarter. The business had revenue of $456.32 million during the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%. Sell-side analysts predict that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on YMM shares. Daiwa Securities Group downgraded Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price target for the company. in a research note on Friday, March 13th. Weiss Ratings cut Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Bank of America began coverage on shares of Full Truck Alliance in a research note on Tuesday, May 5th. They issued a “buy” rating and a $11.30 target price for the company. Finally, Morgan Stanley restated an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.79.

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.