Krane Funds Advisors LLC Grows Stake in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Krane Funds Advisors LLC increased its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 26.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,165,473 shares of the company’s stock after buying an additional 5,880,548 shares during the quarter. Full Truck Alliance comprises 9.9% of Krane Funds Advisors LLC’s portfolio, making the stock its 4th largest holding. Krane Funds Advisors LLC owned about 2.69% of Full Truck Alliance worth $352,068,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in YMM. Hantz Financial Services Inc. raised its stake in shares of Full Truck Alliance by 642.0% during 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 in the last quarter. EverSource Wealth Advisors LLC increased its stake in Full Truck Alliance by 274.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after buying an additional 2,845 shares during the period. Headlands Technologies LLC acquired a new position in Full Truck Alliance during the 2nd quarter valued at about $111,000. Daiwa Securities Group Inc. bought a new stake in shares of Full Truck Alliance during the 2nd quarter worth about $118,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Full Truck Alliance in the 3rd quarter worth approximately $142,000. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Trading Down 1.7%

NYSE YMM opened at $9.45 on Tuesday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1 year low of $9.36 and a 1 year high of $14.07. The company has a market cap of $9.88 billion, a PE ratio of 17.83 and a beta of 0.22. The stock’s 50-day moving average price is $10.30 and its two-hundred day moving average price is $11.65.

Analyst Ratings Changes

Several research firms have recently issued reports on YMM. Barclays decreased their price objective on shares of 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. JPMorgan Chase & Co. downgraded Full Truck Alliance from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $11.00 to $8.00 in a research report on Monday, January 12th. Morgan Stanley set a $14.00 price target on Full Truck Alliance in a research report on Monday, November 17th. Jefferies Financial Group set a $13.00 price objective on Full Truck Alliance in a research note on Monday, November 17th. Finally, Weiss Ratings cut Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.71.

Full Truck Alliance 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.