Full Truck Alliance (NYSE:YMM) Cut to “Underweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Full Truck Alliance (NYSE:YMM) from a neutral rating to an underweight rating in a report published on Monday, MarketBeat reports. They currently have $8.00 price target on the stock, down from their previous price target of $11.00.

Other research analysts also recently issued reports about the company. Barclays dropped their target price 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 research note on Monday, November 17th. Jefferies Financial Group set a $13.00 price target on Full Truck Alliance in a research report on Monday, November 17th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Full Truck Alliance in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.71.

Full Truck Alliance Stock Performance

Shares of NYSE YMM opened at $9.85 on Monday. Full Truck Alliance has a fifty-two week low of $9.45 and a fifty-two week high of $14.07. The firm has a market capitalization of $10.30 billion, a PE ratio of 18.58 and a beta of 0.22. The stock’s 50-day simple moving average is $11.26 and its 200-day simple moving average is $12.08.

Institutional Investors Weigh In On Full Truck Alliance

A number of institutional investors have recently made changes to their positions in YMM. First Beijing Investment Ltd increased its stake in Full Truck Alliance by 73.8% during the third quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock valued at $890,333,000 after purchasing an additional 29,150,926 shares during the last quarter. Invesco Ltd. grew its position in shares of Full Truck Alliance by 66.4% during the 3rd quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock valued at $703,277,000 after buying an additional 21,628,993 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Full Truck Alliance by 2,789.6% during the 3rd quarter. Schroder Investment Management Group now owns 33,333,051 shares of the company’s stock valued at $432,330,000 after buying an additional 32,179,501 shares during the last quarter. Vanguard Group Inc. raised its stake in Full Truck Alliance by 1.1% during the third quarter. Vanguard Group Inc. now owns 32,543,487 shares of the company’s stock worth $422,089,000 after acquiring an additional 353,840 shares during the period. Finally, Greenwoods Asset Management Hong Kong Ltd. lifted its holdings in Full Truck Alliance by 10.8% in the second quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 28,794,527 shares of the company’s stock worth $340,063,000 after acquiring an additional 2,799,386 shares during the last quarter. 39.02% of the stock is currently owned by 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.