Nomura Asset Management Co. Ltd. increased its stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 9.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,156,188 shares of the company's stock after buying an additional 444,884 shares during the period. Nomura Asset Management Co. Ltd. owned 0.49% of Full Truck Alliance worth $46,457,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in YMM. Tobam bought a new position in shares of Full Truck Alliance during the second quarter valued at $35,000. Blue Trust Inc. bought a new stake in Full Truck Alliance during the 2nd quarter valued at about $38,000. Atomi Financial Group Inc. raised its holdings in Full Truck Alliance by 12.4% in the second quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company's stock worth $97,000 after buying an additional 1,329 shares during the last quarter. Aigen Investment Management LP purchased a new position in Full Truck Alliance in the third quarter worth about $151,000. Finally, Scientech Research LLC bought a new position in shares of Full Truck Alliance in the second quarter worth approximately $156,000. Institutional investors own 39.02% of the company's stock.
Full Truck Alliance Stock Performance
Shares of NYSE YMM traded down $0.36 during midday trading on Tuesday, hitting $11.92. 15,617,566 shares of the company's stock traded hands, compared to its average volume of 8,821,566. The firm has a fifty day moving average of $9.40 and a 200 day moving average of $8.49. Full Truck Alliance Co. Ltd. has a 1 year low of $5.70 and a 1 year high of $12.47. The stock has a market capitalization of $12.56 billion, a price-to-earnings ratio of 28.38 and a beta of 0.28.
Wall Street Analyst Weigh In
YMM has been the subject of a number of research analyst reports. Citigroup lifted their target price on Full Truck Alliance from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday. Barclays decreased their target price on shares of Full Truck Alliance from $9.00 to $7.00 and set an "equal weight" rating for the company in a research note on Friday, August 23rd.
View Our Latest Research Report on YMM
About Full Truck Alliance
(
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.
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