Myriad Asset Management US LP Acquires Shares of 97,477 Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Myriad Asset Management US LP purchased a new stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 97,477 shares of the company’s stock, valued at approximately $1,264,000.

Other hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its position in Full Truck Alliance by 642.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock worth $45,000 after buying an additional 3,274 shares during the last quarter. EverSource Wealth Advisors LLC boosted 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 buying an additional 2,845 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Full Truck Alliance during the 2nd quarter valued at $111,000. Daiwa Securities Group Inc. purchased a new position in shares of Full Truck Alliance during the 2nd quarter valued at $118,000. Finally, Tuttle Capital Management LLC purchased a new position in Full Truck Alliance during the third quarter valued at $170,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Up 1.1%

NYSE:YMM opened at $9.96 on Friday. The firm’s fifty day simple moving average is $10.94 and its 200-day simple moving average is $11.99. The stock has a market cap of $10.42 billion, a PE ratio of 18.79 and a beta of 0.22. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $9.45 and a fifty-two week high of $14.07.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on YMM shares. Industrial Alliance Securities set a $8.00 price target on Full Truck Alliance in a report on Monday, January 12th. Morgan Stanley set a $14.00 target price on Full Truck Alliance in a report on Monday, November 17th. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $11.00 to $8.00 in a report on Monday, January 12th. Jefferies Financial Group set a $13.00 price target on Full Truck Alliance in a report 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 research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” 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.