C WorldWide Group Holding A S Takes Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

C WorldWide Group Holding A S acquired a new stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,368,300 shares of the company’s stock, valued at approximately $17,747,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in shares of Full Truck Alliance by 5.3% during the 2nd quarter. Invesco Ltd. now owns 32,594,356 shares of the company’s stock valued at $384,939,000 after acquiring an additional 1,628,785 shares during the period. Greenwoods Asset Management Hong Kong Ltd. grew 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 valued at $340,063,000 after purchasing an additional 2,799,386 shares during the last quarter. Aspex Management HK Ltd raised its stake in shares of Full Truck Alliance by 47.7% during the 2nd quarter. Aspex Management HK Ltd now owns 22,455,623 shares of the company’s stock worth $265,201,000 after buying an additional 7,246,996 shares during the last quarter. Alkeon Capital Management LLC boosted its position in shares of Full Truck Alliance by 5.7% in the 2nd quarter. Alkeon Capital Management LLC now owns 14,698,535 shares of the company’s stock worth $173,590,000 after buying an additional 790,000 shares in the last quarter. Finally, Davis Selected Advisers grew its stake in Full Truck Alliance by 48.8% in the 2nd quarter. Davis Selected Advisers now owns 11,635,925 shares of the company’s stock valued at $137,420,000 after acquiring an additional 3,816,581 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

YMM has been the subject of a number of research reports. Weiss Ratings cut shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. Industrial Alliance Securities set a $8.00 price objective on Full Truck Alliance in a research note on Monday, January 12th. Jefferies Financial Group set a $13.00 price target on shares of Full Truck Alliance in a research note on Monday, November 17th. Morgan Stanley set a $14.00 price target on Full Truck Alliance in a report on Monday, November 17th. Finally, JPMorgan Chase & Co. lowered Full Truck Alliance from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $11.00 to $8.00 in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Full Truck Alliance presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.71.

Full Truck Alliance Trading Down 1.7%

Shares of Full Truck Alliance stock opened at $9.81 on Thursday. 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 cap of $10.26 billion, a price-to-earnings ratio of 18.51 and a beta of 0.22. The company has a fifty day moving average price of $10.76 and a 200 day moving average price of $11.82.

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.