GAM Holding AG Sells 123,573 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

GAM Holding AG lowered its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 16.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 640,360 shares of the company’s stock after selling 123,573 shares during the period. GAM Holding AG owned about 0.06% of Full Truck Alliance worth $8,305,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. raised its position in Full Truck Alliance by 642.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock valued at $45,000 after purchasing an additional 3,274 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Full Truck Alliance by 274.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after buying an additional 2,845 shares during the last quarter. Headlands Technologies LLC acquired a new position in Full Truck Alliance during the 2nd quarter worth about $111,000. Daiwa Securities Group Inc. acquired a new position in Full Truck Alliance during the 2nd quarter worth about $118,000. Finally, Vise Technologies Inc. bought a new stake in Full Truck Alliance during the 2nd quarter worth about $160,000. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Stock Up 4.8%

Shares of YMM opened at $11.25 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $9.45 and a twelve month high of $14.07. The stock has a market capitalization of $11.76 billion, a P/E ratio of 21.22 and a beta of 0.22. The company has a 50 day moving average of $11.62 and a 200-day moving average of $12.14.

Analysts Set New Price Targets

Several research firms have recently commented on YMM. Morgan Stanley set a $14.00 target price on Full Truck Alliance in a research note on Monday, November 17th. Jefferies Financial Group set a $13.00 price objective on Full Truck Alliance in a research report on Monday, November 17th. Barclays dropped their price objective on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Full Truck Alliance in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $14.43.

About Full Truck Alliance

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.