Full Truck Alliance (NYSE:YMM) Raised to “Neutral” at JPMorgan Chase & Co.

Full Truck Alliance (NYSE:YMM) was upgraded by research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. The brokerage currently has a $8.00 price target on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 3.30% from the stock’s previous close.

YMM has been the subject of several other research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. iA Financial set a $8.00 target price on 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. Finally, Daiwa Securities Group downgraded Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price target for the company. in a research note on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.43.

Full Truck Alliance Stock Performance

Shares of NYSE YMM traded down $0.03 during trading hours on Wednesday, hitting $8.27. The stock had a trading volume of 416,978 shares, compared to its average volume of 8,696,412. The company has a market capitalization of $8.65 billion, a P/E ratio of 13.79 and a beta of 0.23. The firm’s 50-day moving average price is $9.28 and its two-hundred day moving average price is $10.99. Full Truck Alliance has a 52 week low of $8.04 and a 52 week high of $14.07.

Full Truck Alliance (NYSE:YMM) last posted its earnings results on Saturday, February 14th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $456.32 million during the quarter. Full Truck Alliance had a net margin of 35.22% and a return on equity of 11.33%. As a group, analysts expect that Full Truck Alliance will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of YMM. Caitong International Asset Management Co. Ltd boosted its holdings in Full Truck Alliance by 150.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock valued at $32,000 after acquiring an additional 1,762 shares during the period. Rockefeller Capital Management L.P. bought a new position in shares of Full Truck Alliance in the fourth quarter worth about $39,000. EverSource Wealth Advisors LLC lifted its position 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 last quarter. Aquatic Capital Management LLC acquired a new position in shares of Full Truck Alliance during the 3rd quarter worth about $51,000. Finally, Banque de Luxembourg S.A. bought a new stake in Full Truck Alliance during the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

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.