Working Capital Advisors UK Ltd. Buys 877,853 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Working Capital Advisors UK Ltd. boosted its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 124.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,583,350 shares of the company’s stock after buying an additional 877,853 shares during the period. Full Truck Alliance comprises 22.7% of Working Capital Advisors UK Ltd.’s investment portfolio, making the stock its 2nd largest holding. Working Capital Advisors UK Ltd. owned about 0.15% of Full Truck Alliance worth $16,989,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of YMM. Banque de Luxembourg S.A. acquired a new position in shares of Full Truck Alliance in the 4th quarter valued at about $44,000. CoreCap Advisors LLC increased its holdings in shares of Full Truck Alliance by 2,000.0% in the 4th quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock valued at $45,000 after purchasing an additional 4,000 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Full Truck Alliance by 274.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after purchasing an additional 2,845 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of Full Truck Alliance in the 3rd quarter valued at about $51,000. Finally, Shen Neil Nanpeng acquired a new position in shares of Full Truck Alliance in the 3rd quarter valued at about $93,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on YMM shares. JPMorgan Chase & Co. upgraded Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 target price on the stock in a report on Wednesday, April 1st. Bank of America started coverage on Full Truck Alliance in a report on Tuesday, May 5th. They issued a “buy” rating and a $11.30 target price on the stock. Weiss Ratings downgraded Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Nomura started coverage on Full Truck Alliance in a report on Friday. They issued a “buy” rating on the stock. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.76.

Full Truck Alliance Stock Performance

Shares of NYSE YMM opened at $8.42 on Friday. The stock has a market cap of $8.77 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 0.78 and a beta of 0.30. The business has a 50 day simple moving average of $8.63 and a 200 day simple moving average of $9.55. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52 week low of $8.04 and a 52 week high of $14.07.

Full Truck Alliance (NYSE:YMM) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.01 EPS for the quarter. The business had revenue of $456.32 million during the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%. On average, analysts predict that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 EPS for the current year.

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.