Greenwoods Asset Management Hong Kong Ltd. Sells 196,648 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Greenwoods Asset Management Hong Kong Ltd. trimmed its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 0.7% during the third quarter, HoldingsChannel.com reports. The firm owned 28,597,879 shares of the company’s stock after selling 196,648 shares during the quarter. Full Truck Alliance accounts for approximately 8.4% of Greenwoods Asset Management Hong Kong Ltd.’s investment portfolio, making the stock its 6th biggest holding. Greenwoods Asset Management Hong Kong Ltd.’s holdings in Full Truck Alliance were worth $370,914,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Invesco Ltd. raised its position in Full Truck Alliance by 5.3% in the 2nd quarter. Invesco Ltd. now owns 32,594,356 shares of the company’s stock valued at $384,939,000 after buying an additional 1,628,785 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Full Truck Alliance by 1.1% in the third quarter. Vanguard Group Inc. now owns 32,543,487 shares of the company’s stock valued at $422,089,000 after purchasing an additional 353,840 shares during the last quarter. Aspex Management HK Ltd lifted its position in shares of Full Truck Alliance by 47.7% in the second quarter. Aspex Management HK Ltd now owns 22,455,623 shares of the company’s stock worth $265,201,000 after purchasing an additional 7,246,996 shares in the last quarter. Alkeon Capital Management LLC boosted its holdings in Full Truck Alliance by 5.7% during the second quarter. Alkeon Capital Management LLC now owns 14,698,535 shares of the company’s stock worth $173,590,000 after purchasing an additional 790,000 shares during the last quarter. Finally, Davis Selected Advisers grew its position in Full Truck Alliance by 48.8% in the second quarter. Davis Selected Advisers now owns 11,635,925 shares of the company’s stock valued at $137,420,000 after purchasing an additional 3,816,581 shares in the last quarter. 39.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Morgan Stanley set a $14.00 price objective on shares of Full Truck Alliance in a research note on Monday, November 17th. JPMorgan Chase & Co. lowered Full Truck Alliance from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $11.00 to $8.00 in a report on Monday, January 12th. Jefferies Financial Group set a $13.00 price target on Full Truck Alliance in a research report on Monday, November 17th. Barclays lowered their price target on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 19th. Finally, iA Financial set a $8.00 price objective on Full Truck Alliance in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.71.

Full Truck Alliance Trading Up 0.7%

YMM stock opened at $9.63 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $9.39 and a 1-year high of $14.07. The business’s 50 day simple moving average is $10.34 and its 200 day simple moving average is $11.66. The firm has a market capitalization of $10.07 billion, a PE ratio of 18.16 and a beta of 0.22.

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.