Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Position Increased by North of South Capital LLP

North of South Capital LLP boosted its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 33.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,607,375 shares of the company’s stock after purchasing an additional 2,682,409 shares during the period. Full Truck Alliance comprises 13.2% of North of South Capital LLP’s portfolio, making the stock its 2nd largest position. North of South Capital LLP owned 1.01% of Full Truck Alliance worth $137,578,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Invesco Ltd. boosted its stake in shares of Full Truck Alliance by 5.3% during the 2nd quarter. Invesco Ltd. now owns 32,594,356 shares of the company’s stock valued at $384,939,000 after buying an additional 1,628,785 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. raised its holdings in Full Truck Alliance by 10.8% in the second quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 28,794,527 shares of the company’s stock valued at $340,063,000 after acquiring an additional 2,799,386 shares in the last quarter. Aspex Management HK Ltd boosted its stake in Full Truck Alliance by 47.7% during the 2nd quarter. Aspex Management HK Ltd now owns 22,455,623 shares of the company’s stock valued at $265,201,000 after acquiring an additional 7,246,996 shares during the last quarter. Alkeon Capital Management LLC grew its holdings in Full Truck Alliance by 5.7% during the 2nd quarter. Alkeon Capital Management LLC now owns 14,698,535 shares of the company’s stock worth $173,590,000 after acquiring an additional 790,000 shares in the last quarter. Finally, Davis Selected Advisers increased its position in shares of Full Truck Alliance by 48.8% in the 2nd quarter. Davis Selected Advisers now owns 11,635,925 shares of the company’s stock worth $137,420,000 after purchasing an additional 3,816,581 shares during the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

YMM has been the subject of several research analyst reports. Barclays lowered their price objective on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, November 19th. Jefferies Financial Group set a $13.00 price objective on Full Truck Alliance in a research note on Monday, November 17th. Morgan Stanley set a $14.00 target price on shares of Full Truck Alliance in a research note on Monday, November 17th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Full Truck Alliance in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Full Truck Alliance currently has an average rating of “Moderate Buy” and an average target price of $14.43.

Full Truck Alliance Price Performance

NYSE:YMM opened at $11.56 on Wednesday. The firm has a market capitalization of $12.09 billion, a P/E ratio of 21.82 and a beta of 0.22. The business has a 50 day simple moving average of $11.56 and a 200 day simple moving average of $12.15. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $9.45 and a 12-month high of $14.07.

Full Truck Alliance Company Profile

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.