Full Truck Alliance (NYSE:YMM) Sees Large Volume Increase – What’s Next?

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) shares saw an uptick in trading volume on Wednesday . 17,045,335 shares changed hands during mid-day trading, an increase of 32% from the previous session’s volume of 12,866,128 shares.The stock last traded at $9.8050 and had previously closed at $10.09.

Analysts Set New Price Targets

A number of equities analysts have weighed in on YMM shares. Jefferies Financial Group set a $13.00 price objective on Full Truck Alliance in a research note on Monday, November 17th. Barclays reduced their price target on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. Morgan Stanley set a $14.00 price objective on shares of Full Truck Alliance in a report on Monday, November 17th. Industrial Alliance Securities set a $8.00 price objective on shares of Full Truck Alliance in a research report on Monday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Full Truck Alliance in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Full Truck Alliance has an average rating of “Moderate Buy” and a consensus target price of $12.71.

Full Truck Alliance Stock Performance

The stock has a market capitalization of $10.25 billion, a PE ratio of 18.50 and a beta of 0.22. The firm’s 50 day moving average is $11.32 and its two-hundred day moving average is $12.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Compound Planning Inc. increased its holdings in Full Truck Alliance by 7.0% during the 3rd quarter. Compound Planning Inc. now owns 15,948 shares of the company’s stock worth $207,000 after purchasing an additional 1,048 shares during the period. CI Investments Inc. grew its position in shares of Full Truck Alliance by 10.7% during the third quarter. CI Investments Inc. now owns 10,924 shares of the company’s stock worth $142,000 after buying an additional 1,052 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Full Truck Alliance by 0.6% during the third quarter. Exchange Traded Concepts LLC now owns 248,174 shares of the company’s stock worth $3,219,000 after buying an additional 1,410 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Full Truck Alliance by 9.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,314 shares of the company’s stock worth $311,000 after buying an additional 2,168 shares during the period. Finally, Parnassus Investments LLC raised its holdings in Full Truck Alliance by 12.1% in the third quarter. Parnassus Investments LLC now owns 21,547 shares of the company’s stock valued at $279,000 after acquiring an additional 2,333 shares in the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Company 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.