Full Truck Alliance Co. Ltd. (NYSE:YMM - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $13.05 and last traded at $13.07, with a volume of 661455 shares traded. The stock had previously closed at $11.67.
Analysts Set New Price Targets
A number of research firms recently issued reports on YMM. Hsbc Global Res upgraded Full Truck Alliance to a "strong-buy" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. cut Full Truck Alliance from an "overweight" rating to a "neutral" rating and upped their price target for the company from $12.00 to $13.00 in a research report on Wednesday, December 11th. HSBC began coverage on shares of Full Truck Alliance in a report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 price target on the stock. Finally, Citigroup boosted their price objective on shares of Full Truck Alliance from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $13.25.
Get Our Latest Stock Report on YMM
Full Truck Alliance Stock Up 11.3 %
The company has a market capitalization of $13.69 billion, a P/E ratio of 30.94 and a beta of 0.25. The company's 50-day moving average is $11.50 and its two-hundred day moving average is $9.86.
Full Truck Alliance (NYSE:YMM - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). Full Truck Alliance had a net margin of 29.59% and a return on equity of 9.02%. On average, sell-side analysts predict that Full Truck Alliance Co. Ltd. will post 0.46 EPS for the current year.
Hedge Funds Weigh In On Full Truck Alliance
Several institutional investors have recently modified their holdings of YMM. FIL Ltd grew its position in Full Truck Alliance by 83.0% during the fourth quarter. FIL Ltd now owns 51,730,620 shares of the company's stock valued at $559,725,000 after acquiring an additional 23,468,794 shares during the last quarter. JPMorgan Chase & Co. raised its position in Full Truck Alliance by 37.8% in the 4th quarter. JPMorgan Chase & Co. now owns 37,875,367 shares of the company's stock worth $409,811,000 after purchasing an additional 10,383,716 shares during the period. Vanguard Group Inc. boosted its position in Full Truck Alliance by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 28,943,043 shares of the company's stock valued at $313,164,000 after buying an additional 295,301 shares during the period. Greenwoods Asset Management Hong Kong Ltd. lifted its stake in shares of Full Truck Alliance by 7.4% in the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 26,019,803 shares of the company's stock valued at $281,534,000 after acquiring an additional 1,802,420 shares during the last quarter. Finally, Alkeon Capital Management LLC boosted its holdings in Full Truck Alliance by 3.9% during the 3rd quarter. Alkeon Capital Management LLC now owns 24,276,570 shares of the company's stock valued at $218,732,000 after acquiring an additional 921,820 shares during the period. 39.02% of the stock is currently owned by institutional investors.
About Full Truck Alliance
(
Get 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.
Further Reading
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