Full Truck Alliance Co. Ltd. Sponsored ADR $YMM is Matthews International Capital Management LLC’s 6th Largest Position

Matthews International Capital Management LLC lessened its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 37.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,851,438 shares of the company’s stock after selling 1,128,394 shares during the period. Full Truck Alliance makes up about 5.6% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 6th largest position. Matthews International Capital Management LLC’s holdings in Full Truck Alliance were worth $24,013,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its holdings in 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 buying an additional 3,274 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Full Truck Alliance by 274.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after purchasing an additional 2,845 shares in the last quarter. Headlands Technologies LLC bought a new position in Full Truck Alliance in the 2nd quarter worth $111,000. Daiwa Securities Group Inc. bought a new position in Full Truck Alliance in the 2nd quarter worth $118,000. Finally, Vise Technologies Inc. purchased a new position in Full Truck Alliance during the second quarter valued at $160,000. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Trading Up 0.6%

NYSE:YMM opened at $11.17 on Friday. The stock has a 50-day moving average price of $11.81 and a 200 day moving average price of $12.19. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $9.45 and a 12-month high of $14.07. The stock has a market capitalization of $11.68 billion, a P/E ratio of 21.07 and a beta of 0.21.

Analyst Ratings Changes

Several research analysts have recently commented on YMM shares. Jefferies Financial Group set a $13.00 price objective on Full Truck Alliance in a research note on Monday, November 17th. Barclays reduced their target price 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. Morgan Stanley set a $14.00 price target on shares of Full Truck Alliance in a report on Monday, November 17th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Full Truck Alliance in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.43.

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.