Full Truck Alliance (NYSE:YMM) Price Target Raised to $13.00 at Barclays

Full Truck Alliance (NYSE:YMM - Get Free Report) had its target price hoisted by research analysts at Barclays from $7.00 to $13.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective would suggest a potential upside of 1.93% from the company's current price.

Several other equities research analysts also recently weighed in on the company. HSBC initiated coverage on Full Truck Alliance in a report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 price target for the company. Citigroup raised their target price on shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $13.00 to $18.00 in a research report on Thursday, March 6th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $16.40.

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Full Truck Alliance Stock Up 0.5 %

Shares of Full Truck Alliance stock traded up $0.06 on Monday, reaching $12.75. The stock had a trading volume of 3,477,633 shares, compared to its average volume of 7,962,090. Full Truck Alliance has a 1 year low of $6.66 and a 1 year high of $13.53. The company has a 50 day moving average price of $11.77 and a 200 day moving average price of $10.09. The stock has a market capitalization of $13.44 billion, a P/E ratio of 30.37 and a beta of 0.25.

Institutional Trading of Full Truck Alliance

Several institutional investors have recently modified their holdings of YMM. Y Intercept Hong Kong Ltd purchased a new position in Full Truck Alliance in the 3rd quarter valued at about $3,525,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Full Truck Alliance by 12.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 912,011 shares of the company's stock valued at $8,217,000 after acquiring an additional 100,080 shares during the last quarter. XTX Topco Ltd lifted its position in shares of Full Truck Alliance by 318.2% in the third quarter. XTX Topco Ltd now owns 164,281 shares of the company's stock valued at $1,480,000 after acquiring an additional 125,001 shares in the last quarter. IMC Chicago LLC acquired a new stake in shares of Full Truck Alliance in the fourth quarter worth approximately $263,000. Finally, State Street Corp increased its position in shares of Full Truck Alliance by 6.4% during the third quarter. State Street Corp now owns 2,609,508 shares of the company's stock worth $23,512,000 after purchasing an additional 155,834 shares in the last quarter. Institutional investors and hedge funds own 39.02% of the company's stock.

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.