Pinpoint Asset Management Singapore Pte. Ltd. Has $22.86 Million Stock Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Pinpoint Asset Management Singapore Pte. Ltd. reduced its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 47.6% in the fourth quarter, HoldingsChannel reports. The firm owned 2,130,451 shares of the company’s stock after selling 1,936,488 shares during the period. Full Truck Alliance makes up about 4.8% of Pinpoint Asset Management Singapore Pte. Ltd.’s investment portfolio, making the stock its 5th biggest holding. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in Full Truck Alliance were worth $22,860,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Capital International Investors bought a new stake in Full Truck Alliance in the third quarter worth approximately $188,227,000. Carrhae Capital LLP bought a new stake in Full Truck Alliance in the third quarter worth approximately $34,692,000. SG Americas Securities LLC increased its holdings in Full Truck Alliance by 534.0% in the fourth quarter. SG Americas Securities LLC now owns 1,146,420 shares of the company’s stock worth $12,301,000 after purchasing an additional 965,601 shares in the last quarter. Nordea Investment Management AB increased its holdings in Full Truck Alliance by 36.9% in the fourth quarter. Nordea Investment Management AB now owns 2,326,558 shares of the company’s stock worth $25,080,000 after purchasing an additional 627,118 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Full Truck Alliance by 103.2% in the third quarter. Russell Investments Group Ltd. now owns 2,260,366 shares of the company’s stock worth $29,317,000 after purchasing an additional 1,148,008 shares in the last quarter. 39.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on YMM shares. Nomura started coverage on Full Truck Alliance in a report on Friday. They set a “buy” rating for the company. JPMorgan Chase & Co. upgraded Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price objective for the company in a report on Wednesday, April 1st. Bank of America started coverage on Full Truck Alliance in a report on Tuesday, May 5th. They set a “buy” rating and a $11.30 price objective for the company. Weiss Ratings downgraded Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Finally, Citigroup restated a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $10.76.

Full Truck Alliance Stock Down 0.6%

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

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.01 EPS for the quarter. The firm 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, equities research analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 earnings per share for the current year.

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.