SG Americas Securities LLC Has $31.46 Million Stock Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

SG Americas Securities LLC boosted its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 244.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,463,812 shares of the company’s stock after buying an additional 1,748,386 shares during the period. SG Americas Securities LLC owned approximately 0.23% of Full Truck Alliance worth $31,463,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of YMM. IMC Chicago LLC bought a new stake in shares of Full Truck Alliance during the fourth quarter worth $263,000. Barclays PLC acquired a new stake in shares of Full Truck Alliance during the 3rd quarter valued at $3,566,000. Truist Financial Corp bought a new stake in shares of Full Truck Alliance during the fourth quarter worth about $143,000. Savant Capital LLC acquired a new position in shares of Full Truck Alliance in the fourth quarter valued at approximately $194,000. Finally, Aigen Investment Management LP increased its stake in shares of Full Truck Alliance by 127.6% in the fourth quarter. Aigen Investment Management LP now owns 38,131 shares of the company’s stock valued at $413,000 after buying an additional 21,378 shares during the period. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Trading Up 1.9%

YMM opened at $12.36 on Tuesday. The company has a fifty day moving average price of $11.39 and a two-hundred day moving average price of $11.58. Full Truck Alliance Co. Ltd. has a 1-year low of $6.66 and a 1-year high of $13.85. The company has a market cap of $12.93 billion, a P/E ratio of 29.43 and a beta of 0.20.

Analyst Ratings Changes

Several brokerages recently issued reports on YMM. Citigroup lowered their target price on Full Truck Alliance from $16.50 to $16.00 and set a “buy” rating for the company in a research report on Thursday, May 22nd. Industrial Alliance Securities set a $18.00 price objective on shares of Full Truck Alliance in a research report on Thursday, March 6th. Barclays lifted their target price on shares of Full Truck Alliance from $7.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. HSBC started coverage on shares of Full Truck Alliance in a research report on Wednesday, February 26th. They set a “buy” rating and a $18.00 price target on the stock. Finally, Hsbc Global Res raised Full Truck Alliance to a “strong-buy” rating in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Full Truck Alliance 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.