Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Stock Holdings Lifted by Davis Selected Advisers

Davis Selected Advisers grew its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 28.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,981,773 shares of the company’s stock after purchasing an additional 3,345,848 shares during the period. Full Truck Alliance comprises about 1.0% of Davis Selected Advisers’ holdings, making the stock its 25th biggest holding. Davis Selected Advisers owned 1.43% of Full Truck Alliance worth $194,314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Schroder Investment Management Group boosted its stake in Full Truck Alliance by 2,789.6% in the 3rd quarter. Schroder Investment Management Group now owns 33,333,051 shares of the company’s stock worth $432,330,000 after purchasing an additional 32,179,501 shares during the period. First Beijing Investment Ltd boosted its position in shares of Full Truck Alliance by 73.8% in the third quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock worth $890,333,000 after buying an additional 29,150,926 shares during the period. Invesco Ltd. grew its holdings in shares of Full Truck Alliance by 66.4% during the third quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock valued at $703,277,000 after buying an additional 21,628,993 shares in the last quarter. Capital International Investors acquired a new position in Full Truck Alliance during the third quarter valued at $188,227,000. Finally, Norges Bank purchased a new stake in Full Truck Alliance in the 2nd quarter worth about $134,623,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Performance

Shares of YMM opened at $8.15 on Thursday. The firm has a market cap of $8.52 billion, a PE ratio of 13.58 and a beta of 0.23. The firm’s 50 day moving average price is $9.61 and its 200 day moving average price is $11.33. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $8.14 and a twelve month high of $14.07.

Full Truck Alliance (NYSE:YMM) last posted its earnings results on Thursday, March 12th. The company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. Full Truck Alliance had a net margin of 35.22% and a return on equity of 11.33%. The company had revenue of $456.32 million during the quarter, compared to the consensus estimate of $3.13 billion. On average, sell-side analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on YMM shares. Weiss Ratings cut Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $11.00 to $8.00 in a research note on Monday, January 12th. Daiwa Securities Group lowered shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a research note on Friday, March 13th. iA Financial set a $8.00 price target on shares of Full Truck Alliance in a research note on Monday, January 12th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.43.

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.