Quadrature Capital Ltd Sells 13,124 Shares of Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Quadrature Capital Ltd lowered its position in Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 21.1% in the 2nd quarter, Holdings Channel reports. The fund owned 49,106 shares of the company’s stock after selling 13,124 shares during the quarter. Quadrature Capital Ltd’s holdings in Full Truck Alliance were worth $580,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in YMM. XTX Topco Ltd purchased a new stake in Full Truck Alliance in the first quarter worth $672,000. US Bancorp DE bought a new stake in shares of Full Truck Alliance during the 1st quarter valued at $40,000. Atria Wealth Solutions Inc. bought a new stake in shares of Full Truck Alliance during the 1st quarter valued at $212,000. Vanguard Group Inc. grew its position in shares of Full Truck Alliance by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 29,373,877 shares of the company’s stock worth $375,104,000 after buying an additional 430,834 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Full Truck Alliance by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 907,487 shares of the company’s stock worth $11,589,000 after acquiring an additional 15,896 shares in the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Stock Performance

Shares of NYSE YMM opened at $11.33 on Tuesday. The firm’s 50 day moving average price is $12.40 and its 200-day moving average price is $12.27. 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 market cap of $11.84 billion, a PE ratio of 21.37 and a beta of 0.22.

Wall Street Analyst Weigh In

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

About Full Truck Alliance

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.