Allianz Asset Management GmbH Has $19.80 Million Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Allianz Asset Management GmbH boosted its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 94.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,526,538 shares of the company’s stock after acquiring an additional 741,635 shares during the period. Allianz Asset Management GmbH owned 0.15% of Full Truck Alliance worth $19,799,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Royal Bank of Canada increased its stake in shares of Full Truck Alliance by 172.4% in the first quarter. Royal Bank of Canada now owns 34,765 shares of the company’s stock worth $444,000 after purchasing an additional 22,001 shares during the period. Truist Financial Corp grew its holdings in Full Truck Alliance by 25.6% in the 2nd quarter. Truist Financial Corp now owns 31,132 shares of the company’s stock valued at $368,000 after buying an additional 6,344 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Full Truck Alliance by 9.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,314 shares of the company’s stock worth $311,000 after buying an additional 2,168 shares during the period. Aberdeen Group plc lifted its holdings in shares of Full Truck Alliance by 7.3% during the second quarter. Aberdeen Group plc now owns 220,213 shares of the company’s stock worth $2,601,000 after buying an additional 14,897 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Full Truck Alliance by 123.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 59,265 shares of the company’s stock valued at $700,000 after acquiring an additional 32,705 shares during the period. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Stock Up 2.7%

NYSE YMM opened at $9.94 on Friday. 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 $10.40 billion, a P/E ratio of 18.76 and a beta of 0.22. The company’s 50-day simple moving average is $10.70 and its 200 day simple moving average is $11.79.

Analyst Upgrades and Downgrades

Several research firms recently commented on YMM. Weiss Ratings cut shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Morgan Stanley set a $14.00 price objective on shares of Full Truck Alliance in a research report on Monday, November 17th. iA Financial set a $8.00 target price on Full Truck Alliance in a research report on Monday, January 12th. Jefferies Financial Group set a $13.00 price target on Full Truck Alliance in a report on Monday, November 17th. Finally, JPMorgan Chase & Co. downgraded Full Truck Alliance from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $11.00 to $8.00 in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.71.

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.