Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA decreased its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 53.1% during the 3rd quarter, Holdings Channel reports. The firm owned 138,062 shares of the company’s stock after selling 156,360 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Full Truck Alliance were worth $1,791,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in YMM. Alkeon Capital Management LLC grew its stake in Full Truck Alliance by 5.7% in the 2nd quarter. Alkeon Capital Management LLC now owns 14,698,535 shares of the company’s stock valued at $173,590,000 after acquiring an additional 790,000 shares during the last quarter. ABN Amro Investment Solutions acquired a new stake in shares of Full Truck Alliance in the second quarter valued at approximately $1,962,000. Prudential PLC grew its position in shares of Full Truck Alliance by 29.3% in the second quarter. Prudential PLC now owns 105,812 shares of the company’s stock valued at $1,250,000 after purchasing an additional 23,981 shares during the last quarter. Alpine Investment Management Ltd purchased a new position in shares of Full Truck Alliance during the 2nd quarter worth approximately $54,303,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake 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 valued at $311,000 after buying an additional 2,168 shares in the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Full Truck Alliance in a research report on Wednesday, October 8th. Barclays reduced their target price on shares of 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. Morgan Stanley set a $14.00 price target on shares of Full Truck Alliance in a report on Monday, November 17th. Finally, Jefferies Financial Group set a $13.00 price objective on shares of Full Truck Alliance in a research note on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.43.

Full Truck Alliance Trading Down 0.8%

Shares of NYSE:YMM opened at $11.25 on Thursday. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of 21.22 and a beta of 0.21. The stock’s 50-day moving average price is $11.98 and its two-hundred day moving average price is $12.23. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $9.45 and a 12-month high of $14.07.

About Full Truck Alliance

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.