Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lifted its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 50.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 296,646 shares of the company’s stock after purchasing an additional 99,960 shares during the period. Union Bancaire Privee UBP SA’s holdings in Full Truck Alliance were worth $2,462,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Schroder Investment Management Group increased its holdings in Full Truck Alliance by 2,789.6% in the third quarter. Schroder Investment Management Group now owns 33,333,051 shares of the company’s stock valued at $432,330,000 after buying an additional 32,179,501 shares during the last quarter. First Beijing Investment Ltd lifted its holdings in Full Truck Alliance by 73.8% during the 3rd 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 last quarter. Invesco Ltd. lifted its holdings in Full Truck Alliance by 66.4% during the 3rd quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock worth $703,277,000 after buying an additional 21,628,993 shares during the last quarter. Capital International Investors acquired a new position in shares of Full Truck Alliance during the 3rd quarter worth about $188,227,000. Finally, OLP CAPITAL MANAGEMENT Ltd boosted its position in shares of Full Truck Alliance by 198.7% during the 4th quarter. OLP CAPITAL MANAGEMENT Ltd now owns 15,007,851 shares of the company’s stock worth $161,034,000 after acquiring an additional 9,983,779 shares in the last quarter. 39.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Citigroup reiterated a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Daiwa Securities Group cut 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. Bank of America assumed coverage on Full Truck Alliance in a report on Tuesday, May 5th. They issued a “buy” rating and a $11.30 price target for the company. Weiss Ratings lowered shares of Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Finally, JPMorgan Chase & Co. raised shares of Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price objective on the stock in a report on Wednesday, April 1st. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.79.

Full Truck Alliance Price Performance

Shares of YMM opened at $7.71 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $7.45 and a 1-year high of $14.07. The stock has a market cap of $8.03 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 0.68 and a beta of 0.30. The firm has a fifty day moving average price of $8.54 and a 200 day moving average price of $9.31.

Full Truck Alliance (NYSE:YMM) last posted its earnings results on Saturday, February 14th. The company reported $0.01 EPS for the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%.The business had revenue of $456.32 million for the quarter. As a group, equities analysts expect that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.69 EPS for the current fiscal year.

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.