Russell Investments Group Ltd. Boosts Stake in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Russell Investments Group Ltd. grew its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 103.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,260,366 shares of the company’s stock after acquiring an additional 1,148,008 shares during the quarter. Russell Investments Group Ltd. owned about 0.22% of Full Truck Alliance worth $29,317,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Amiral Gestion grew its stake in Full Truck Alliance by 106.8% during the third quarter. Amiral Gestion now owns 455,000 shares of the company’s stock worth $5,901,000 after buying an additional 235,000 shares during the period. Alkeon Capital Management LLC raised its stake in shares of 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 period. Nordea Investment Management AB acquired a new position in shares of Full Truck Alliance during the 3rd quarter valued at $22,237,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Full Truck Alliance by 76.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,647,830 shares of the company’s stock valued at $138,102,000 after acquiring an additional 4,611,050 shares in the last quarter. Finally, Prudential PLC boosted its position in Full Truck Alliance by 29.3% during the 2nd quarter. Prudential PLC now owns 105,812 shares of the company’s stock worth $1,250,000 after purchasing an additional 23,981 shares during the period. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Full Truck Alliance Price Performance

NYSE YMM opened at $9.01 on Friday. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of 16.99 and a beta of 0.23. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $8.71 and a 12 month high of $14.07. The company’s fifty day moving average price is $9.82 and its two-hundred day moving average price is $11.45.

Full Truck Alliance (NYSE:YMM) last released its earnings results on Thursday, March 12th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.13). The company had revenue of $456.32 million during the quarter, compared to the consensus estimate of $3.13 billion. Full Truck Alliance had a return on equity of 11.33% and a net margin of 31.92%. As a group, analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

YMM has been the topic of several research reports. Morgan Stanley reissued an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday. Jefferies Financial Group set a $13.00 target price on Full Truck Alliance in a research note on Monday, November 17th. iA Financial set a $8.00 target price on Full Truck Alliance in a report on Monday, January 12th. Barclays reduced their price target on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 19th. Finally, Weiss Ratings cut Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.83.

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.