Capital International Sarl Makes New $3.43 Million Investment in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Capital International Sarl purchased a new stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 264,518 shares of the company’s stock, valued at approximately $3,431,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Compound Planning Inc. lifted its stake in Full Truck Alliance by 7.0% in 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 in the last quarter. CI Investments Inc. lifted its stake in 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 purchasing an additional 1,052 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Full Truck Alliance by 0.6% in 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. Parnassus Investments LLC boosted its stake in shares of Full Truck Alliance by 12.1% in the 3rd quarter. Parnassus Investments LLC now owns 21,547 shares of the company’s stock valued at $279,000 after purchasing an additional 2,333 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Full Truck Alliance by 274.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after buying an additional 2,845 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Price Performance

Shares of YMM opened at $9.26 on Wednesday. The firm has a market cap of $9.68 billion, a P/E ratio of 17.46 and a beta of 0.23. The company has a 50 day simple moving average of $9.89 and a two-hundred day simple moving average of $11.49. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $8.71 and a 1 year high of $14.07.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Jefferies Financial Group set a $13.00 price objective on Full Truck Alliance in a report on Monday, November 17th. Morgan Stanley set a $14.00 target price on shares of Full Truck Alliance in a report on Monday, November 17th. Barclays dropped their price target on shares of Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. Finally, JPMorgan Chase & Co. cut Full Truck Alliance from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $11.00 to $8.00 in a research report on Monday, January 12th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $11.83.

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.