Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Stake Increased by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,373,877 shares of the company’s stock after purchasing an additional 430,834 shares during the period. Vanguard Group Inc. owned approximately 2.81% of Full Truck Alliance worth $375,104,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Atria Wealth Solutions Inc. purchased a new stake in shares of Full Truck Alliance in the first quarter valued at $212,000. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Full Truck Alliance by 1.1% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 712,986 shares of the company’s stock valued at $9,105,000 after purchasing an additional 8,042 shares in the last quarter. Alberta Investment Management Corp lifted its holdings in shares of Full Truck Alliance by 14.0% in the first quarter. Alberta Investment Management Corp now owns 2,381,411 shares of the company’s stock valued at $30,411,000 after purchasing an additional 292,244 shares in the last quarter. US Bancorp DE purchased a new stake in shares of Full Truck Alliance in the first quarter valued at $40,000. Finally, Bayforest Capital Ltd lifted its holdings in shares of Full Truck Alliance by 51.9% in the first quarter. Bayforest Capital Ltd now owns 43,607 shares of the company’s stock valued at $557,000 after purchasing an additional 14,908 shares in the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Trading Up 2.5%

Shares of NYSE:YMM opened at $11.04 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $6.85 and a 1 year high of $13.85. The business has a fifty day simple moving average of $11.90 and a 200 day simple moving average of $11.91. The firm has a market cap of $11.55 billion, a price-to-earnings ratio of 22.08 and a beta of 0.20.

Wall Street Analyst Weigh In

Separately, Citigroup cut their price objective on Full Truck Alliance from $16.50 to $16.00 and set a “buy” rating for the company in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Full Truck Alliance Company Profile

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.