Vanguard Group Inc. Has $422.09 Million Stock Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Vanguard Group Inc. raised its holdings in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,543,487 shares of the company’s stock after buying an additional 353,840 shares during the period. Vanguard Group Inc. owned about 3.11% of Full Truck Alliance worth $422,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in YMM. Norges Bank bought a new position in Full Truck Alliance in the 2nd quarter valued at about $134,623,000. Aspex Management HK Ltd increased its holdings in Full Truck Alliance by 47.7% during the 2nd quarter. Aspex Management HK Ltd now owns 22,455,623 shares of the company’s stock worth $265,201,000 after purchasing an additional 7,246,996 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Full Truck Alliance in the second quarter worth approximately $84,428,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Full Truck Alliance by 76.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,647,830 shares of the company’s stock valued at $138,102,000 after purchasing an additional 4,611,050 shares in the last quarter. Finally, Alpine Investment Management Ltd bought a new position in shares of Full Truck Alliance in the second quarter valued at approximately $54,303,000. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Stock Down 0.7%

NYSE YMM opened at $9.52 on Friday. The firm has a market cap of $9.96 billion, a P/E ratio of 17.96 and a beta of 0.22. The company’s 50 day moving average is $10.20 and its 200-day moving average is $11.61. Full Truck Alliance Co. Ltd. Sponsored ADR has a 12-month low of $9.36 and a 12-month high of $14.07.

Analysts Set New Price Targets

YMM has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered Full Truck Alliance from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $11.00 to $8.00 in a research report on Monday, January 12th. 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 research note on Wednesday, November 19th. Weiss Ratings lowered shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. Morgan Stanley set a $14.00 price objective on shares of Full Truck Alliance in a research report on Monday, November 17th. Finally, Jefferies Financial Group set a $13.00 price objective on shares of Full Truck Alliance in a research note on Monday, November 17th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Full Truck Alliance currently has a consensus rating of “Hold” and an average target price of $11.83.

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.