Pinpoint Asset Management Singapore Pte. Ltd. Has $22.86 Million Stock Holdings in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Pinpoint Asset Management Singapore Pte. Ltd. reduced its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 47.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,130,451 shares of the company’s stock after selling 1,936,488 shares during the quarter. Full Truck Alliance accounts for about 4.8% of Pinpoint Asset Management Singapore Pte. Ltd.’s holdings, making the stock its 5th biggest holding. Pinpoint Asset Management Singapore Pte. Ltd. owned approximately 0.20% of Full Truck Alliance worth $22,860,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in shares of Full Truck Alliance by 274.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after buying an additional 2,845 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Full Truck Alliance during the 3rd quarter worth $51,000. Banque de Luxembourg S.A. bought a new stake in shares of Full Truck Alliance during the 4th quarter worth $44,000. CoreCap Advisors LLC lifted its position in shares of Full Truck Alliance by 2,000.0% during the 4th quarter. CoreCap Advisors LLC now owns 4,200 shares of the company’s stock worth $45,000 after buying an additional 4,000 shares during the last quarter. Finally, Shen Neil Nanpeng bought a new stake in shares of Full Truck Alliance during the 3rd quarter worth $93,000. 39.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Daiwa Securities Group downgraded Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a research report on Friday, March 13th. Nomura assumed coverage on Full Truck Alliance in a research report on Friday. They issued a “buy” rating for the company. Bank of America assumed coverage on Full Truck Alliance in a research report on Tuesday, May 5th. They issued a “buy” rating and a $11.30 target price for the company. JPMorgan Chase & Co. upgraded Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 target price for the company in a research report on Wednesday, April 1st. Finally, Weiss Ratings downgraded Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Full Truck Alliance has a consensus rating of “Moderate Buy” and an average target price of $10.76.

Full Truck Alliance Stock Down 0.6%

YMM opened at $8.42 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $8.04 and a twelve month high of $14.07. The company has a fifty day moving average of $8.63 and a 200-day moving average of $9.55. The stock has a market cap of $8.77 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 0.78 and a beta of 0.30.

Full Truck Alliance (NYSE:YMM) last issued its 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 return on equity of 10.52% and a net margin of 32.68%. Sell-side analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 EPS 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.