Tidal Investments LLC purchased a new position in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 139,597 shares of the company's stock, valued at approximately $1,258,000.
Several other institutional investors have also recently made changes to their positions in the company. Tobam acquired a new stake in Full Truck Alliance during the second quarter worth $35,000. Blue Trust Inc. acquired a new stake in shares of Full Truck Alliance during the 2nd quarter worth about $38,000. Atomi Financial Group Inc. raised its holdings in Full Truck Alliance by 12.4% in the 2nd quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company's stock valued at $97,000 after buying an additional 1,329 shares during the period. Aigen Investment Management LP acquired a new position in Full Truck Alliance in the third quarter valued at about $151,000. Finally, Scientech Research LLC purchased a new position in Full Truck Alliance during the second quarter worth about $156,000. Hedge funds and other institutional investors own 39.02% of the company's stock.
Full Truck Alliance Stock Performance
Shares of YMM traded up $0.01 during mid-day trading on Thursday, hitting $10.92. 4,206,164 shares of the company's stock were exchanged, compared to its average volume of 8,889,744. The stock's 50-day moving average is $9.60 and its 200-day moving average is $8.60. Full Truck Alliance Co. Ltd. has a fifty-two week low of $5.70 and a fifty-two week high of $12.47. The company has a market cap of $11.51 billion, a price-to-earnings ratio of 26.00 and a beta of 0.28.
Wall Street Analyst Weigh In
YMM has been the topic of a number of research analyst reports. Barclays reduced their price target on shares of Full Truck Alliance from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Friday, August 23rd. Citigroup lifted their target price on shares of Full Truck Alliance from $13.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut Full Truck Alliance from an "overweight" rating to a "neutral" rating and upped their price target for the stock from $12.00 to $13.00 in a research note on Wednesday, December 11th.
Read Our Latest Stock Analysis 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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