Working Capital Advisors UK Ltd. Makes New Investment in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Working Capital Advisors UK Ltd. purchased a new stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 705,497 shares of the company’s stock, valued at approximately $9,150,000. Full Truck Alliance accounts for 10.9% of Working Capital Advisors UK Ltd.’s portfolio, making the stock its 3rd biggest holding. Working Capital Advisors UK Ltd. owned 0.07% of Full Truck Alliance as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. grew its position in Full Truck Alliance by 642.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,784 shares of the company’s stock worth $45,000 after purchasing an additional 3,274 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Full Truck Alliance by 274.9% in the second 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 period. Headlands Technologies LLC purchased a new position in shares of Full Truck Alliance during the second quarter valued at $111,000. Daiwa Securities Group Inc. purchased a new position in shares of Full Truck Alliance during the second quarter valued at $118,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Full Truck Alliance during the third quarter valued at $142,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. lowered Full Truck Alliance from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $11.00 to $8.00 in a research report on Monday, January 12th. Jefferies Financial Group set a $13.00 price target on shares of Full Truck Alliance in a report on Monday, November 17th. Barclays dropped their price objective on shares of Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. Morgan Stanley set a $14.00 target price on shares of Full Truck Alliance in a research note on Monday, November 17th. Finally, Weiss Ratings cut shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.71.

Full Truck Alliance Stock Performance

NYSE:YMM opened at $9.63 on Friday. The company has a market capitalization of $10.07 billion, a P/E ratio of 18.16 and a beta of 0.22. The stock’s 50 day moving average price is $10.34 and its 200 day moving average price is $11.66. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52 week low of $9.39 and a 52 week high of $14.07.

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.