Full Truck Alliance (NYSE:YMM - Get Free Report) was downgraded by equities research analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. They presently have a $13.00 price target on the stock, up from their previous price target of $12.00. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 13.09% from the company's current price.
YMM has been the subject of a number of other research reports. Barclays lowered their price objective on Full Truck Alliance from $9.00 to $7.00 and set an "equal weight" rating for the company in a research report on Friday, August 23rd. Citigroup upped their price objective on Full Truck Alliance from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday.
Read Our Latest Analysis on Full Truck Alliance
Full Truck Alliance Stock Performance
YMM stock traded down $0.43 on Wednesday, reaching $11.50. The company had a trading volume of 15,699,736 shares, compared to its average volume of 8,850,349. Full Truck Alliance has a 1 year low of $5.70 and a 1 year high of $12.47. The company's fifty day moving average is $9.40 and its 200 day moving average is $8.49. The company has a market cap of $12.11 billion, a P/E ratio of 28.38 and a beta of 0.28.
Institutional Investors Weigh In On Full Truck Alliance
Several institutional investors and hedge funds have recently modified their holdings of the stock. Tobam acquired a new stake in shares of Full Truck Alliance during the second quarter worth approximately $35,000. Blue Trust Inc. acquired a new stake in Full Truck Alliance during the second quarter worth about $38,000. Atomi Financial Group Inc. grew its holdings in shares of Full Truck Alliance by 12.4% during the second 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 during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Full Truck Alliance during the 3rd quarter worth approximately $151,000. Finally, Scientech Research LLC acquired a new position in Full Truck Alliance during the 2nd quarter valued at approximately $156,000. Hedge funds and other institutional investors own 39.02% of the company's stock.
About Full Truck Alliance
(
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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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