Full Truck Alliance Co. Ltd. Sponsored ADR $YMM is Polunin Capital Partners Ltd’s 5th Largest Position

Polunin Capital Partners Ltd cut its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 3.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,145,346 shares of the company’s stock after selling 101,800 shares during the period. Full Truck Alliance accounts for 6.2% of Polunin Capital Partners Ltd’s holdings, making the stock its 5th biggest position. Polunin Capital Partners Ltd’s holdings in Full Truck Alliance were worth $42,085,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brooklyn Investment Group grew its stake in Full Truck Alliance by 495.4% in the 1st quarter. Brooklyn Investment Group now owns 2,459 shares of the company’s stock valued at $31,000 after acquiring an additional 2,046 shares during the last quarter. US Bancorp DE purchased a new stake in shares of Full Truck Alliance in the first quarter valued at about $40,000. Hantz Financial Services Inc. grew its position in shares of Full Truck Alliance by 642.0% in the second quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock valued at $45,000 after purchasing an additional 3,274 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Full Truck Alliance by 274.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after purchasing an additional 2,845 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Full Truck Alliance during the 2nd quarter worth approximately $111,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Price Performance

Shares of YMM stock opened at $11.33 on Wednesday. The firm’s 50-day simple moving average is $12.02 and its 200-day simple moving average is $12.24. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $9.45 and a 1-year high of $14.07. The firm has a market cap of $11.84 billion, a P/E ratio of 21.37 and a beta of 0.21.

Wall Street Analysts Forecast Growth

YMM has been the topic of a number of analyst reports. Barclays decreased their price objective on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Full Truck Alliance in a research note on Wednesday, October 8th. Jefferies Financial Group set a $13.00 price objective on shares of Full Truck Alliance in a research report on Monday, November 17th. Finally, Morgan Stanley set a $14.00 target price on shares of Full Truck Alliance in a research report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.43.

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.