Y Intercept Hong Kong Ltd Has $1.02 Million Stake in Full Truck Alliance Co. Ltd. (NYSE:YMM)

Y Intercept Hong Kong Ltd decreased its holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM - Free Report) by 76.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 93,762 shares of the company's stock after selling 297,491 shares during the period. Y Intercept Hong Kong Ltd's holdings in Full Truck Alliance were worth $1,015,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in Full Truck Alliance by 12.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 912,011 shares of the company's stock worth $8,217,000 after buying an additional 100,080 shares in the last quarter. XTX Topco Ltd boosted its stake in Full Truck Alliance by 318.2% during the 3rd quarter. XTX Topco Ltd now owns 164,281 shares of the company's stock valued at $1,480,000 after purchasing an additional 125,001 shares during the period. IMC Chicago LLC bought a new position in Full Truck Alliance in the 4th quarter worth approximately $263,000. State Street Corp grew its stake in shares of Full Truck Alliance by 6.4% in the third quarter. State Street Corp now owns 2,609,508 shares of the company's stock worth $23,512,000 after purchasing an additional 155,834 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Full Truck Alliance by 9.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 5,156,188 shares of the company's stock valued at $46,457,000 after purchasing an additional 444,884 shares during the period. Institutional investors and hedge funds own 39.02% of the company's stock.

Analyst Upgrades and Downgrades

YMM has been the subject of a number of recent analyst reports. HSBC began coverage on shares of Full Truck Alliance in a research report on Wednesday, February 26th. They issued a "buy" rating and a $18.00 target price for the company. JPMorgan Chase & Co. cut shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and increased their price objective for the company from $12.00 to $13.00 in a report on Wednesday, December 11th. Hsbc Global Res raised Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th. Finally, Citigroup upped their target price on Full Truck Alliance from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $13.25.

Full Truck Alliance Stock Down 1.9 %

Shares of YMM traded down $0.22 during mid-day trading on Monday, reaching $11.52. The company's stock had a trading volume of 6,699,846 shares, compared to its average volume of 7,260,594. The company has a market cap of $12.14 billion, a price-to-earnings ratio of 27.43 and a beta of 0.25. The business has a fifty day moving average of $11.49 and a 200 day moving average of $9.80. Full Truck Alliance Co. Ltd. has a 1 year low of $5.70 and a 1 year high of $13.03.

Full Truck Alliance Company 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.