Citigroup Inc. Has $13.78 Million Position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)

Citigroup Inc. boosted its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,079,396 shares of the company’s stock after acquiring an additional 29,030 shares during the quarter. Citigroup Inc. owned 0.10% of Full Truck Alliance worth $13,784,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Full Truck Alliance by 1.5% during the first quarter. Vanguard Group Inc. now owns 29,373,877 shares of the company’s stock worth $375,104,000 after acquiring an additional 430,834 shares in the last quarter. Krane Funds Advisors LLC increased its stake in shares of Full Truck Alliance by 23.2% in the first quarter. Krane Funds Advisors LLC now owns 26,207,165 shares of the company’s stock valued at $334,665,000 after buying an additional 4,931,028 shares in the last quarter. Aspex Management HK Ltd acquired a new stake in shares of Full Truck Alliance in the fourth quarter valued at $164,557,000. Sylebra Capital LLC increased its stake in shares of Full Truck Alliance by 64.3% in the fourth quarter. Sylebra Capital LLC now owns 10,693,280 shares of the company’s stock valued at $115,701,000 after buying an additional 4,184,065 shares in the last quarter. Finally, Pinpoint Asset Management Ltd increased its stake in shares of Full Truck Alliance by 23.0% in the first quarter. Pinpoint Asset Management Ltd now owns 7,735,913 shares of the company’s stock valued at $98,788,000 after buying an additional 1,448,760 shares in the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Stock Down 4.6%

Shares of YMM stock opened at $10.78 on Friday. The stock has a 50-day moving average price of $11.92 and a 200 day moving average price of $11.91. The firm has a market cap of $11.27 billion, a price-to-earnings ratio of 21.56 and a beta of 0.20. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12 month low of $6.85 and a 12 month high of $13.85.

Analyst Ratings Changes

Separately, Citigroup lowered their target price on Full Truck Alliance from $16.50 to $16.00 and set a “buy” rating for the company in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.