Triata Capital Ltd Has $21.51 Million Stock Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Triata Capital Ltd grew its stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 98.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,004,719 shares of the company’s stock after buying an additional 995,500 shares during the quarter. Full Truck Alliance makes up approximately 2.6% of Triata Capital Ltd’s portfolio, making the stock its 11th largest holding. Triata Capital Ltd’s holdings in Full Truck Alliance were worth $21,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Compound Planning Inc. increased its stake in Full Truck Alliance by 7.0% during the third quarter. Compound Planning Inc. now owns 15,948 shares of the company’s stock valued at $207,000 after acquiring an additional 1,048 shares during the period. CI Investments Inc. lifted its holdings in Full Truck Alliance by 10.7% during the 3rd quarter. CI Investments Inc. now owns 10,924 shares of the company’s stock worth $142,000 after buying an additional 1,052 shares in the last quarter. Parnassus Investments LLC raised its position in shares of Full Truck Alliance by 7.1% during the 4th quarter. Parnassus Investments LLC now owns 23,076 shares of the company’s stock valued at $248,000 after acquiring an additional 1,529 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Full Truck Alliance by 150.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock valued at $32,000 after acquiring an additional 1,762 shares during the last quarter. Finally, Capital International Sarl raised its position in shares of Full Truck Alliance by 0.8% during the 4th quarter. Capital International Sarl now owns 266,548 shares of the company’s stock valued at $2,860,000 after acquiring an additional 2,030 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Stock Performance

Shares of NYSE:YMM opened at $8.03 on Wednesday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52-week low of $8.01 and a 52-week high of $14.07. The company has a market capitalization of $8.37 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 0.77 and a beta of 0.30. The company has a 50-day simple moving average of $8.63 and a 200 day simple moving average of $9.50.

Full Truck Alliance (NYSE:YMM) last issued its earnings results on Saturday, February 14th. The company reported $0.01 earnings per share (EPS) for the quarter. Full Truck Alliance had a net margin of 32.68% and a return on equity of 10.52%. The business had revenue of $456.32 million during the quarter. As a group, equities analysts forecast that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

YMM has been the subject of a number of recent analyst reports. Daiwa Securities Group cut shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research report on Friday, March 13th. Nomura set a $11.00 target price on Full Truck Alliance in a report on Monday. JPMorgan Chase & Co. upgraded Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 target price for the company in a report on Wednesday, April 1st. Bank of America initiated coverage on Full Truck Alliance in a report on Tuesday, May 5th. They set a “buy” rating and a $11.30 target price for the company. Finally, Weiss Ratings cut Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $10.79.

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.