Perpetual Ltd Sells 127,094 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Perpetual Ltd decreased its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 10.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,101,906 shares of the company’s stock after selling 127,094 shares during the period. Perpetual Ltd’s holdings in Full Truck Alliance were worth $14,292,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Invesco Ltd. increased its position in shares of Full Truck Alliance by 5.3% during the second quarter. Invesco Ltd. now owns 32,594,356 shares of the company’s stock worth $384,939,000 after acquiring an additional 1,628,785 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. increased its holdings in Full Truck Alliance by 10.8% during the 2nd quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 28,794,527 shares of the company’s stock worth $340,063,000 after purchasing an additional 2,799,386 shares in the last quarter. Aspex Management HK Ltd raised its stake in shares of Full Truck Alliance by 47.7% in the second 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 during the last quarter. Alkeon Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 790,000 shares in the last quarter. Finally, Davis Selected Advisers boosted its position in shares of Full Truck Alliance by 48.8% during the second quarter. Davis Selected Advisers now owns 11,635,925 shares of the company’s stock valued at $137,420,000 after buying an additional 3,816,581 shares during the last quarter. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Trading Down 1.9%

YMM stock opened at $11.11 on Friday. The stock has a market cap of $11.62 billion, a P/E ratio of 20.96 and a beta of 0.21. The stock’s fifty day simple moving average is $11.94 and its two-hundred day simple moving average is $12.22. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $9.45 and a 1-year high of $14.07.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on YMM shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Full Truck Alliance in a report on Wednesday, October 8th. Jefferies Financial Group set a $13.00 target price on shares of Full Truck Alliance in a research note on Monday, November 17th. Barclays lowered 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 report on Wednesday, November 19th. Finally, Morgan Stanley set a $14.00 price target on shares of Full Truck Alliance in a report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.43.

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.