Capital International Inc. CA Invests $50.06 Million in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Capital International Inc. CA purchased a new position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) during the third quarter, Holdings Channel reports. The institutional investor purchased 3,859,842 shares of the company’s stock, valued at approximately $50,062,000.

A number of other institutional investors have also recently bought and sold shares of YMM. EverSource Wealth Advisors LLC raised its stake in shares of Full Truck Alliance by 274.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after purchasing an additional 2,845 shares during the period. Headlands Technologies LLC purchased a new position in Full Truck Alliance in the 2nd quarter valued at approximately $111,000. Daiwa Securities Group Inc. bought a new stake in shares of Full Truck Alliance during the 2nd quarter valued at $118,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Full Truck Alliance during the third quarter valued at about $142,000. Finally, CI Investments Inc. grew 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 valued at $142,000 after acquiring an additional 1,052 shares in the last quarter. Institutional investors own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on YMM shares. iA Financial set a $8.00 price target on shares of Full Truck Alliance in a report on Monday, January 12th. Weiss Ratings cut Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. Barclays lowered their price target on 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. Jefferies Financial Group set a $13.00 price objective on shares of Full Truck Alliance in a research report on Monday, November 17th. Finally, Morgan Stanley set a $14.00 target price on shares of Full Truck Alliance in a research report on Monday, November 17th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.83.

Full Truck Alliance Stock Up 1.4%

NYSE YMM opened at $9.10 on Tuesday. The company has a 50-day simple moving average of $9.92 and a two-hundred day simple moving average of $11.51. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $8.71 and a 12-month high of $14.07. The firm has a market cap of $9.52 billion, a price-to-earnings ratio of 17.17 and a beta of 0.23.

Full Truck Alliance Company 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.