Mitsubishi UFJ Trust & Banking Corp Purchases 4,611,050 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Mitsubishi UFJ Trust & Banking Corp grew its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 76.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,647,830 shares of the company’s stock after buying an additional 4,611,050 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 1.02% of Full Truck Alliance worth $138,102,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. grew its stake in Full Truck Alliance by 5.3% in the second quarter. Invesco Ltd. now owns 32,594,356 shares of the company’s stock valued at $384,939,000 after acquiring an additional 1,628,785 shares during the period. Greenwoods Asset Management Hong Kong Ltd. lifted its holdings in shares of Full Truck Alliance by 10.8% during the 2nd quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 28,794,527 shares of the company’s stock valued at $340,063,000 after purchasing an additional 2,799,386 shares in the last quarter. Aspex Management HK Ltd grew its position in shares of Full Truck Alliance by 47.7% in the 2nd quarter. Aspex Management HK Ltd now owns 22,455,623 shares of the company’s stock valued at $265,201,000 after purchasing an additional 7,246,996 shares during the period. Alkeon Capital Management LLC increased its stake 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 purchasing an additional 790,000 shares in the last quarter. Finally, Davis Selected Advisers raised its holdings in Full Truck Alliance by 48.8% during the 2nd quarter. Davis Selected Advisers now owns 11,635,925 shares of the company’s stock worth $137,420,000 after buying an additional 3,816,581 shares during the period. Institutional investors and hedge funds own 39.02% of the company’s stock.

Full Truck Alliance Price Performance

Shares of NYSE:YMM opened at $9.82 on Friday. The company’s 50-day moving average price is $10.89 and its two-hundred day moving average price is $11.97. Full Truck Alliance Co. Ltd. Sponsored ADR has a one year low of $9.45 and a one year high of $14.07. The stock has a market capitalization of $10.27 billion, a PE ratio of 18.52 and a beta of 0.22.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on YMM. Morgan Stanley set a $14.00 price target on shares of Full Truck Alliance in a report on Monday, November 17th. Jefferies Financial Group set a $13.00 target price on shares of Full Truck Alliance in a research note on Monday, November 17th. Industrial Alliance Securities set a $8.00 target price on Full Truck Alliance in a report on Monday, January 12th. Barclays cut their price target on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. Finally, JPMorgan Chase & Co. cut Full Truck Alliance from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $11.00 to $8.00 in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $12.71.

About Full Truck Alliance

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.