Bamco Inc. NY grew its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,405,899 shares of the company's stock after buying an additional 125,853 shares during the quarter. Bamco Inc. NY owned 0.99% of Full Truck Alliance worth $93,757,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tobam acquired a new position in Full Truck Alliance during the 2nd quarter worth about $35,000. Blue Trust Inc. acquired a new stake in Full Truck Alliance during the 2nd quarter worth $38,000. Atomi Financial Group Inc. lifted its holdings in shares of Full Truck Alliance by 12.4% during the 2nd quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company's stock valued at $97,000 after purchasing an additional 1,329 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Full Truck Alliance in the third quarter valued at approximately $151,000. Finally, Scientech Research LLC bought a new position in Full Truck Alliance during the 2nd quarter worth about $156,000. Institutional investors own 39.02% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on YMM. Barclays decreased their price target on shares of Full Truck Alliance from $9.00 to $7.00 and set an "equal weight" rating for the company in a research note on Friday, August 23rd. Citigroup increased their price objective on shares of Full Truck Alliance from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Full Truck Alliance currently has an average rating of "Buy" and a consensus target price of $10.00.
View Our Latest Report on YMM
Full Truck Alliance Stock Up 0.5 %
Shares of YMM stock traded up $0.05 on Monday, reaching $10.06. The stock had a trading volume of 6,134,403 shares, compared to its average volume of 8,622,168. The firm's 50-day moving average is $9.10 and its two-hundred day moving average is $8.41. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of 24.05 and a beta of 0.28. Full Truck Alliance Co. Ltd. has a 12 month low of $5.70 and a 12 month high of $10.29.
About Full Truck Alliance
(
Free Report)
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.
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