Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Stock Holdings Trimmed by WFM ASIA BVI Ltd

WFM ASIA BVI Ltd lowered its stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 20.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,650,662 shares of the company’s stock after selling 3,778,922 shares during the period. Full Truck Alliance makes up approximately 19.5% of WFM ASIA BVI Ltd’s portfolio, making the stock its 3rd biggest holding. WFM ASIA BVI Ltd’s holdings in Full Truck Alliance were worth $157,202,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of YMM. Deutsche Bank AG raised its stake in shares of Full Truck Alliance by 8.8% in the 4th quarter. Deutsche Bank AG now owns 67,261 shares of the company’s stock valued at $722,000 after acquiring an additional 5,426 shares during the period. BLI Banque de Luxembourg Investments raised its stake in shares of Full Truck Alliance by 84.0% in the 4th quarter. BLI Banque de Luxembourg Investments now owns 482,000 shares of the company’s stock valued at $5,266,000 after acquiring an additional 220,000 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Full Truck Alliance in the 4th quarter valued at $152,000. LPL Financial LLC raised its stake in shares of Full Truck Alliance by 39.4% in the 4th quarter. LPL Financial LLC now owns 16,788 shares of the company’s stock valued at $180,000 after acquiring an additional 4,742 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Full Truck Alliance by 23.0% in the 4th quarter. Franklin Resources Inc. now owns 1,348,557 shares of the company’s stock valued at $14,470,000 after acquiring an additional 251,897 shares during the period. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on YMM shares. Bank of America started coverage on shares of Full Truck Alliance in a research note on Tuesday, May 5th. They issued a “buy” rating and a $11.30 target price on the stock. Weiss Ratings raised shares of Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a research note on Monday, April 20th. JPMorgan Chase & Co. raised shares of Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 target price on the stock in a research note on Wednesday, April 1st. Finally, Morgan Stanley reissued an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.76.

Full Truck Alliance Trading Up 1.4%

YMM opened at $8.46 on Friday. The company has a fifty day simple moving average of $8.63 and a 200 day simple moving average of $9.55. The firm has a market cap of $8.82 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 0.77 and a beta of 0.30. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $8.04 and a twelve month high of $14.07.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $456.32 million during the quarter. Full Truck Alliance had a net margin of 32.68% and a return on equity of 10.52%. On average, analysts forecast that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 earnings per share for the current fiscal year.

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.