OPTIMAS CAPITAL Ltd Makes New $6.46 Million Investment in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

OPTIMAS CAPITAL Ltd bought a new position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) in the third quarter, HoldingsChannel reports. The firm bought 497,885 shares of the company’s stock, valued at approximately $6,458,000. Full Truck Alliance makes up approximately 4.1% of OPTIMAS CAPITAL Ltd’s investment portfolio, making the stock its 10th largest holding.

A number of other institutional investors have also recently modified their holdings of the business. Amiral Gestion lifted its stake in shares of Full Truck Alliance by 106.8% in the third quarter. Amiral Gestion now owns 455,000 shares of the company’s stock valued at $5,901,000 after purchasing an additional 235,000 shares during the period. Alkeon Capital Management LLC increased its holdings in Full Truck Alliance by 5.7% in the second quarter. Alkeon Capital Management LLC now owns 14,698,535 shares of the company’s stock valued at $173,590,000 after buying an additional 790,000 shares in the last quarter. Nordea Investment Management AB purchased a new position in Full Truck Alliance in the third quarter valued at about $22,237,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Full Truck Alliance by 76.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,647,830 shares of the company’s stock valued at $138,102,000 after acquiring an additional 4,611,050 shares during the period. Finally, Prudential PLC boosted its stake in shares of Full Truck Alliance by 29.3% during the 2nd quarter. Prudential PLC now owns 105,812 shares of the company’s stock worth $1,250,000 after acquiring an additional 23,981 shares in the last quarter. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on YMM shares. Barclays dropped their price objective on 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. iA Financial set a $8.00 price target on Full Truck Alliance in a research report on Monday, January 12th. Weiss Ratings downgraded Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Morgan Stanley set a $14.00 price objective on shares of Full Truck Alliance in a research note on Monday, November 17th. Finally, Jefferies Financial Group set a $13.00 target price on shares of Full Truck Alliance in a research report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.71.

Full Truck Alliance Stock Up 2.7%

NYSE YMM opened at $9.94 on Monday. 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. The business has a fifty day moving average of $10.70 and a 200-day moving average of $11.79. The stock has a market cap of $10.40 billion, a price-to-earnings ratio of 18.76 and a beta of 0.22.

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.