Full Truck Alliance (NYSE:YMM) Hits New 12-Month Low – Should You Sell?

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)’s stock price reached a new 52-week low on Monday . The stock traded as low as $8.71 and last traded at $8.81, with a volume of 872953 shares. The stock had previously closed at $8.97.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays reduced their target price on shares of 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. Weiss Ratings downgraded shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. iA Financial set a $8.00 price target on Full Truck Alliance in a report on Monday, January 12th. Morgan Stanley set a $14.00 price objective on Full Truck Alliance in a research note on Monday, November 17th. Finally, Jefferies Financial Group set a $13.00 target price on Full Truck Alliance in a research note on Monday, November 17th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Full Truck Alliance currently has a consensus rating of “Hold” and a consensus price target of $11.83.

Full Truck Alliance Price Performance

The company has a fifty day moving average price of $9.96 and a 200 day moving average price of $11.53. The stock has a market cap of $9.40 billion, a P/E ratio of 16.96 and a beta of 0.23.

Institutional Trading of Full Truck Alliance

A number of large investors have recently bought and sold shares of the company. First Beijing Investment Ltd increased its stake in Full Truck Alliance by 73.8% in the 3rd quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock worth $890,333,000 after purchasing an additional 29,150,926 shares during the period. FIL Ltd raised its stake in shares of Full Truck Alliance by 1.6% during the fourth quarter. FIL Ltd now owns 64,382,173 shares of the company’s stock valued at $690,821,000 after acquiring an additional 1,040,793 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Full Truck Alliance by 7.5% during the fourth quarter. Invesco Ltd. now owns 58,272,671 shares of the company’s stock worth $625,266,000 after purchasing an additional 4,049,322 shares during the period. Schroder Investment Management Group grew its stake in shares of Full Truck Alliance by 43.6% in the fourth quarter. Schroder Investment Management Group now owns 47,859,035 shares of the company’s stock worth $513,527,000 after purchasing an additional 14,525,984 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Full Truck Alliance by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 33,004,634 shares of the company’s stock valued at $354,140,000 after purchasing an additional 461,147 shares during the period. 39.02% of the stock is owned by hedge funds and other institutional investors.

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.