GF Fund Management CO. LTD. Decreases Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

GF Fund Management CO. LTD. cut its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 6.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 810,795 shares of the company’s stock after selling 53,821 shares during the period. GF Fund Management CO. LTD.’s holdings in Full Truck Alliance were worth $10,516,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Invesco Ltd. raised its holdings 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 in the last quarter. Greenwoods Asset Management Hong Kong Ltd. increased its position in shares of Full Truck Alliance by 10.8% in the 2nd quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 28,794,527 shares of the company’s stock worth $340,063,000 after purchasing an additional 2,799,386 shares during the last quarter. Aspex Management HK Ltd raised its stake 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 in the last quarter. Alkeon Capital Management LLC lifted its position in shares of Full Truck Alliance by 5.7% during the second 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 during the last quarter. Finally, Davis Selected Advisers lifted its position in shares of Full Truck Alliance by 48.8% during the second 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. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Price Performance

YMM opened at $9.49 on Friday. The business has a 50 day moving average price of $10.54 and a two-hundred day moving average price of $11.72. The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of 17.90 and a beta of 0.22. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $9.39 and a 1-year high of $14.07.

Analysts Set New Price Targets

Several brokerages have issued reports on YMM. iA Financial set a $8.00 price objective on Full Truck Alliance in a research note on Monday, January 12th. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $11.00 to $8.00 in a research note on Monday, January 12th. Barclays reduced their price target on shares of Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 19th. Morgan Stanley set a $14.00 price objective on shares of Full Truck Alliance in a research note on Monday, November 17th. Finally, Weiss Ratings downgraded Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.