State of New Jersey Common Pension Fund D Makes New $4.46 Million Investment in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

State of New Jersey Common Pension Fund D purchased a new stake in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) during the third quarter, according to its most recent filing with the SEC. The firm purchased 343,473 shares of the company’s stock, valued at approximately $4,455,000.

Several other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Full Truck Alliance during the second quarter worth $134,623,000. Aspex Management HK Ltd raised its stake in Full Truck Alliance by 47.7% during the 2nd quarter. Aspex Management HK Ltd now owns 22,455,623 shares of the company’s stock worth $265,201,000 after buying an additional 7,246,996 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Full Truck Alliance during the second quarter worth about $84,428,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in Full Truck Alliance by 76.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,647,830 shares of the company’s stock valued at $138,102,000 after acquiring an additional 4,611,050 shares during the period. Finally, Alpine Investment Management Ltd bought a new stake in shares of Full Truck Alliance in the second quarter worth about $54,303,000. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Price Performance

Shares of NYSE YMM opened at $9.55 on Friday. The business has a 50-day moving average of $10.38 and a 200-day moving average of $11.67. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 18.02 and a beta of 0.22. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $9.39 and a fifty-two week high of $14.07.

Analysts Set New Price Targets

A number of analysts recently issued reports on YMM shares. Morgan Stanley set a $14.00 target price on shares of Full Truck Alliance in a report on Monday, November 17th. Barclays cut their price objective on shares of 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. Weiss Ratings cut Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. iA Financial set a $8.00 price target on Full Truck Alliance in a report on Monday, January 12th. Finally, Jefferies Financial Group set a $13.00 price objective on Full Truck Alliance in a report on Monday, November 17th. One 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 MarketBeat.com, Full Truck Alliance presently has a consensus rating of “Hold” and a consensus target price of $12.71.

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.