Full Truck Alliance (NYSE:YMM) Lowered to Underweight Rating by JPMorgan Chase & Co.

Full Truck Alliance (NYSE:YMM) was downgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a note issued to investors on Monday.

YMM has been the topic of a number of other research reports. Jefferies Financial Group set a $13.00 price target on Full Truck Alliance in a research report on Monday, November 17th. Morgan Stanley set a $14.00 price objective on Full Truck Alliance in a report on Monday, November 17th. Barclays cut 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Full Truck Alliance in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.43.

Full Truck Alliance Trading Down 1.5%

Full Truck Alliance stock traded down $0.16 during mid-day trading on Monday, hitting $10.31. 1,428,653 shares of the company’s stock were exchanged, compared to its average volume of 11,377,165. The stock has a 50 day moving average of $11.43 and a two-hundred day moving average of $12.11. Full Truck Alliance has a 1-year low of $9.45 and a 1-year high of $14.07. The stock has a market cap of $10.78 billion, a P/E ratio of 19.42 and a beta of 0.22.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. First Beijing Investment Ltd raised its position in shares of Full Truck Alliance by 73.8% in the 3rd quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock valued at $890,333,000 after purchasing an additional 29,150,926 shares in the last quarter. Invesco Ltd. lifted its position in Full Truck Alliance by 66.4% during the 3rd quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock worth $703,277,000 after acquiring an additional 21,628,993 shares during the last quarter. Schroder Investment Management Group boosted its holdings in Full Truck Alliance by 2,789.6% in the 3rd quarter. Schroder Investment Management Group now owns 33,333,051 shares of the company’s stock valued at $432,330,000 after purchasing an additional 32,179,501 shares during the period. Vanguard Group Inc. raised its position in Full Truck Alliance by 1.1% in the third quarter. Vanguard Group Inc. now owns 32,543,487 shares of the company’s stock worth $422,089,000 after purchasing an additional 353,840 shares in the last quarter. Finally, Greenwoods Asset Management Hong Kong Ltd. increased its holdings in shares of Full Truck Alliance by 10.8% during the second quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 28,794,527 shares of the company’s stock worth $340,063,000 after buying an additional 2,799,386 shares in the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

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.