WCM Investment Management LLC Cuts Stock Position in Full Truck Alliance Co. Ltd. (NYSE:YMM)

WCM Investment Management LLC trimmed its position in Full Truck Alliance Co. Ltd. (NYSE:YMM) by 99.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,425 shares of the company’s stock after selling 2,240,619 shares during the period. WCM Investment Management LLC’s holdings in Full Truck Alliance were worth $210,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. First Beijing Investment Ltd purchased a new stake in shares of Full Truck Alliance in the third quarter valued at about $123,804,000. Empower Harvest Management Services Inc. purchased a new stake in Full Truck Alliance in the 4th quarter valued at approximately $97,058,000. Polunin Capital Partners Ltd purchased a new stake in Full Truck Alliance in the 3rd quarter valued at approximately $29,632,000. Alkeon Capital Management LLC increased its position in Full Truck Alliance by 3.9% during the 3rd quarter. Alkeon Capital Management LLC now owns 24,276,570 shares of the company’s stock worth $218,732,000 after purchasing an additional 921,820 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Full Truck Alliance during the 3rd quarter worth approximately $4,218,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on YMM. Citigroup increased their price objective on Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and increased their price target for the company from $12.00 to $13.00 in a report on Wednesday, December 11th.

Full Truck Alliance Price Performance

NYSE YMM opened at $12.81 on Tuesday. The business has a 50 day moving average price of $11.15 and a 200 day moving average price of $9.33. The company has a market capitalization of $13.50 billion, a P/E ratio of 30.50 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a 1-year low of $5.70 and a 1-year high of $12.88.

About Full Truck Alliance

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.