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

Union Bancaire Privee UBP SA lessened its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 53.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,062 shares of the company’s stock after selling 156,360 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Full Truck Alliance were worth $1,791,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Full Truck Alliance during the second quarter worth $134,623,000. Aspex Management HK Ltd raised its position in Full Truck Alliance by 47.7% in the 2nd quarter. Aspex Management HK Ltd now owns 22,455,623 shares of the company’s stock valued at $265,201,000 after purchasing an additional 7,246,996 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Full Truck Alliance in the second quarter valued at approximately $84,428,000. APG Asset Management N.V. purchased a new position in Full Truck Alliance in the first quarter worth approximately $56,253,000. Finally, Alpine Investment Management Ltd acquired a new position in Full Truck Alliance during the 2nd quarter worth approximately $54,303,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on YMM. Barclays reduced their price objective on shares of Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Full Truck Alliance in a research note on Wednesday, October 8th. Morgan Stanley set a $14.00 price target on Full Truck Alliance in a research report on Monday, November 17th. Finally, Jefferies Financial Group set a $13.00 target price on Full Truck Alliance in a research note on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.43.

Full Truck Alliance Stock Down 0.8%

Shares of NYSE:YMM opened at $11.25 on Thursday. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52 week low of $9.45 and a 52 week high of $14.07. The company has a 50-day moving average price of $11.98 and a 200 day moving average price of $12.23. The company has a market cap of $11.76 billion, a P/E ratio of 21.22 and a beta of 0.21.

Full Truck Alliance Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.