Capital Wealth Planning LLC Invests $1.40 Million in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Capital Wealth Planning LLC bought a new stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 128,935 shares of the company's stock, valued at approximately $1,395,000.

Several other large investors also recently modified their holdings of the stock. Truist Financial Corp bought a new stake in Full Truck Alliance during the fourth quarter worth about $143,000. Aigen Investment Management LP acquired a new position in shares of Full Truck Alliance in the 3rd quarter valued at approximately $151,000. Savant Capital LLC bought a new stake in shares of Full Truck Alliance during the 4th quarter worth approximately $194,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Full Truck Alliance during the 3rd quarter worth approximately $207,000. Finally, Blue Trust Inc. boosted its position in shares of Full Truck Alliance by 120.9% during the 4th quarter. Blue Trust Inc. now owns 22,090 shares of the company's stock worth $239,000 after acquiring an additional 12,091 shares in the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Stock Performance

Shares of YMM traded up $1.64 during trading hours on Wednesday, reaching $13.31. The stock had a trading volume of 22,352,103 shares, compared to its average volume of 7,703,118. The stock has a market capitalization of $14.02 billion, a PE ratio of 31.68 and a beta of 0.25. Full Truck Alliance Co. Ltd. has a 12 month low of $5.70 and a 12 month high of $13.33. The company's 50-day moving average is $11.54 and its two-hundred day moving average is $9.88.

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Full Truck Alliance (NYSE:YMM - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.01). Full Truck Alliance had a net margin of 29.59% and a return on equity of 9.02%. Equities analysts anticipate that Full Truck Alliance Co. Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on YMM. HSBC started coverage on Full Truck Alliance in a research note on Wednesday, February 26th. They set a "buy" rating and a $18.00 target price for the company. Hsbc Global Res upgraded Full Truck Alliance to a "strong-buy" rating in a research report on Wednesday, February 26th. Citigroup lifted their target price on Full Truck Alliance from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. downgraded Full Truck Alliance from an "overweight" rating to a "neutral" rating and boosted their target price for the stock from $12.00 to $13.00 in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Full Truck Alliance has a consensus rating of "Buy" and a consensus price target of $13.25.

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.