UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 468,197 shares of the company's stock, valued at approximately $4,218,000.
A number of other institutional investors also recently bought and sold shares of the stock. First Beijing Investment Ltd purchased a new stake in Full Truck Alliance during the 3rd quarter valued at about $123,804,000. Sylebra Capital LLC boosted its position in Full Truck Alliance by 57.9% in 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. increased its holdings in Full Truck Alliance by 10.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,701,028 shares of the company's stock worth $33,346,000 after buying an additional 353,891 shares during the period. Polunin Capital Partners Ltd purchased a new position in Full Truck Alliance during the 3rd quarter worth approximately $29,632,000. Finally, Hsbc Holdings PLC lifted its stake in Full Truck Alliance by 1.1% during 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 during the period. 39.02% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
YMM has been the subject of a number of recent analyst reports. Barclays cut 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 shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and lifted their target price for the company from $12.00 to $13.00 in a research report on Wednesday.
Check Out Our Latest Stock Analysis on Full Truck Alliance
Full Truck Alliance Stock Performance
YMM stock traded down $0.03 during midday trading on Friday, hitting $11.21. 16,724,460 shares of the stock were exchanged, compared to its average volume of 8,893,901. The stock's 50-day moving average price is $9.47 and its 200-day moving average price is $8.53. The stock has a market cap of $11.81 billion, a price-to-earnings ratio of 26.43 and a beta of 0.28. Full Truck Alliance Co. Ltd. has a fifty-two week low of $5.70 and a fifty-two week high of $12.47.
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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