Union Bancaire Privee UBP SA Invests $647,000 in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Union Bancaire Privee UBP SA purchased a new stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 62,232 shares of the company's stock, valued at approximately $647,000.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in Full Truck Alliance by 109.5% in the third quarter. Blue Trust Inc. now owns 9,999 shares of the company's stock valued at $90,000 after acquiring an additional 5,226 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of Full Truck Alliance during the 4th quarter valued at $143,000. Aigen Investment Management LP acquired a new stake in shares of Full Truck Alliance in the 3rd quarter worth $151,000. Savant Capital LLC purchased a new position in Full Truck Alliance during the 4th quarter worth $194,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Full Truck Alliance during the 3rd quarter valued at about $207,000. 39.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

YMM has been the subject of several recent analyst reports. Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a report on Wednesday. Citigroup boosted their target price on shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. HSBC assumed coverage on shares of Full Truck Alliance in a report on Wednesday. They issued a "buy" rating and a $18.00 price target for the company. Finally, JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $12.00 to $13.00 in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Full Truck Alliance currently has a consensus rating of "Buy" and a consensus target price of $13.25.

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Full Truck Alliance Stock Performance

NYSE YMM traded up $0.09 during trading hours on Friday, reaching $11.77. The stock had a trading volume of 6,355,397 shares, compared to its average volume of 7,322,905. Full Truck Alliance Co. Ltd. has a 52-week low of $5.70 and a 52-week high of $13.03. The stock has a market cap of $12.40 billion, a P/E ratio of 28.02 and a beta of 0.25. The stock has a fifty day moving average of $11.48 and a 200 day moving average of $9.74.

Full Truck Alliance 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.