Healthcare of Ontario Pension Plan Trust Fund Has $450,000 Stock Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Healthcare of Ontario Pension Plan Trust Fund reduced its position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 97.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,900 shares of the company's stock after selling 1,935,300 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in Full Truck Alliance were worth $450,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of YMM. First Beijing Investment Ltd acquired a new position in shares of Full Truck Alliance during the 3rd quarter worth about $123,804,000. Sylebra Capital LLC raised its position in shares of Full Truck Alliance by 57.9% during the second quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company's stock valued at $64,416,000 after buying an additional 2,939,456 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Full Truck Alliance by 10.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,701,028 shares of the company's stock valued at $33,346,000 after buying an additional 353,891 shares during the period. Polunin Capital Partners Ltd bought a new position in Full Truck Alliance during the third quarter valued at about $29,632,000. Finally, Hsbc Holdings PLC raised its holdings in Full Truck Alliance by 1.1% in the 2nd quarter. Hsbc Holdings PLC now owns 2,114,149 shares of the company's stock valued at $16,759,000 after acquiring an additional 23,915 shares in the last quarter. Hedge funds and other institutional investors own 39.02% of the company's stock.

Full Truck Alliance Stock Up 1.5 %

YMM stock traded up $0.15 during midday trading on Tuesday, reaching $10.22. The stock had a trading volume of 11,287,659 shares, compared to its average volume of 8,655,045. Full Truck Alliance Co. Ltd. has a twelve month low of $5.70 and a twelve month high of $10.29. The firm has a market cap of $10.77 billion, a price-to-earnings ratio of 24.33 and a beta of 0.28. The business has a fifty day simple moving average of $9.15 and a two-hundred day simple moving average of $8.42.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays dropped their target price on Full Truck Alliance from $9.00 to $7.00 and set an "equal weight" rating for the company in a report on Friday, August 23rd. Citigroup boosted their target price on shares of Full Truck Alliance from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $10.00.

Full Truck Alliance Profile

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.